Commercial Mortgages Performing Relatively Well
Washington, DC, March 13, 2009--The weakening economy and continued credit crunch contributed to increases in commercial/multifamily mortgage delinquencies during the fourth quarter.
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.
Lumber Liquidators To Continue Rapid Growth
Toano, VA, March 13, 2009--Lumber Liquidators plans to continue its aggressive expansion, the firm said it a conference call on Tuesday.
Style Limited Names Independent Chairman
South Perth, Australia, March 13, 2009--Style Limited has appointed Peter Brannighan as its independent chairman, following the decision by founder and former chairman, Greg Johnson, to step down from the role.
Formica Flooring Names Regional Sales Manager
Barnwell, SC, March 13, 2009 – Formica Flooring has named John Mauro regional sales manager.
Trade Gap Smallest In Over Six Years
Washington, DC, March 13, 2009--The U.S. trade deficit narrowed 9.7 percent in January to its smallest since October 2002, the Commerce Department said.
Homebuilders Competing Against Foreclosures
Los Angeles, CA, March 13, 2009--The nation's homebuilders are finding that their greatest competition is coming from foreclosed homes, often in their own subdivisions.
One Measure of Consumer Sentiment Improves
New York, NY, March 12, 2009--Despite mounting job losses and a stock market spiraling toward a 12-year low, U.S. consumer sentiment edged up this month according to the most recent results of the RBC CASH Index.
Home Foreclosure Notices Continue To Rise
Irvine, CA, March 12, 2009--The number of households threatened with foreclosure rose 30 percent in February from last year's levels, RealtyTrac said.
Retail Sales Show Signs of Stabilizing
Washington, DC, March 12, 2009--U.S. retail sales eased 0.1 percent last month after rising by a revised 1.8 percent in January, the Commerce Department said.
NAHB Says Housing Still Hurt by Financial Markets
Washington, DC, March 12, 2009--The National Association of Home Builders told Congress that the housing sector is still being significantly affected by the upheaval in the financial and mortgage markets that started in 2007.