Propex Exits Bankruptcy Under New Owners
Chattanooga, TN, March 30, 2009 – Propex Inc. said that it will now operate outside of bankruptcy after spending 14 months under Chapter 11 protection.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Consolidated Carpet Marking 65th Anniversary
New York, NY, March 30, 2009—Consolidated Carpet is marking its 65th anniversary in the floorcovering business.
Home Prices Continue To Decline in January
New York, NY, March 31, 2009--The Standard & Poor's/Case-Shiller 20-city housing index released Tuesday fell by a record 19 percent from January 2008.
Sales of Vacation Homes Fall in 2008
Washington, DC, March 31, 2009--Sales of vacation and investment homes in the U.S. fell to 30% of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday.
Florida Tile Names New Chief Executive
Lakeland, FL, Jan. 13, 2009--Luca A. Zerbini has been named CEO of Florida Tile after having worked with the company for less than two years.
Michelman Adds Florida Distributor
Cincinnati, OH, March 31, 2009--Michelman has added J. Tech Sales, L.L.C., of Boca Raton, Fla. to its network of distributors.
Clodagh Continues Work With Bentley Prince Street
Los Angeles, CA, March 30, 2009--Well known designer Clodagh has developed a new collection for Bentley Prince Street called the Tucson Collection.
Mortgage Help, Foreclosures on Rise in February
Washington, DC, March 31, 2009--Nearly 250,000 homeowners in February received either mortgage modifications or repayment plans from their lenders, according to Hope Now.
British Homebuilder Reports First Half Loss
London, England, March 31, 2009--British homebuilder Bellway PLC on Tuesday reported a first-half loss of $50 million as the company marked down the value of its inventory of land and houses to reflect a depressed market.
Home Prices Rising, But at Low End of Market
New York, NY, March 30, 2009--Based on current housing market ask prices, there’s clear evidence that prices are increasing across the country so far this year, according to a story at Seeking Alpha.