Housing Starts, Permits, Hit Record Lows
Washington, DC, Feb. 18, 2009--Housing starts and building permits fell to new record lows for the second consecutive month, according to the Commerce Department.
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.
AIA Billings Index Falls Again
Washington, DC, Feb. 18, 2009--The Architecture Billings Index fell to a historic low of 33.3 in January, from 34.1 in December, according to the American Institute of Architects. Any reading below 50 indicates a decline in billings.
New Website To Offer Online Rug Design
London, England, Feb. 18, 2009--A new web-based rug store called Rug Couture will let customers design their own rugs online from start to finish.
Mortgage Application Volume Surges on Refinancing
Washington, DC, Feb. 18, 2009--Mortgage application volume last week rose a seasonally adjusted 45.7% compared with the week before due to a surge in refinancings as interest rates fell, the Mortgage Bankers Association said Wednesday.
One Silver Lining: Oil Prices Staying Low
New York, NY, Feb. 18, 2009--Oil prices remained below $35 a barrel Wednesday in Asia as further signs the U.S. recession is deepening spurred investor concern over crude demand.
Gerflor Makes Management Changes
Chicago, IL, Feb. 17, 2009 – Resilient manufacturer Gerflor had made several management changes within its sports and commercial divisions.
Mirage Honors G.R. Distributors for 2008 Work
Saint-Georges, Quebec, Canada, Feb. 18, 2009—Hardwood manufacturer Mirage gave its Mirage Spirit Award to G.R. Distributors.
J&J / Invision Receives Three DOC Awards
Dalton, GA, Feb. 18, 2009– J&J / Invision recently received three DOC Awards.
Rug Firm Momeni Leaving High Point
Carlstadt, NJ, Feb. 17, 2009--Rug manufacturer Momeni said it will no longer exhibit in High Point, N.C.
Homebuilder Index Rises: Pessimism Still High
Washington, DC, Feb. 17, 2009--Homebuilders' confidence level edged up this month, but the industry remains pessimistic that new home sales will improve over the next six months.