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.
Washington, DC, Nov. 26, 2008--U.S. mortgage rates dropped by the most in at least seven years as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed.
Washington, DC, Nov. 26, 2008--Sales of new homes fell an estimated 5.3% in October to a seasonally adjusted annual rate of 433,000, the lowest level since 1991, the Commerce Department reported Wednesday.
Ann Arbor, MI, Nov. 26, 2008--U.S. consumer sentiment fell to a 28-year low in November.
Washington, DC, Nov. 26, 2008--Consumer spending fell 1% last month, the largest decline since September 2001, the Commerce Department reported Wednesday.
Dalton, GA, Nov. 25, 2008--U.S. Floors is beginning an $11 million expansion in Dalton that will add at least 15 new jobs next year, according to a story in the Dalton Daily citizen.
Tallahassee, FL, Nov. 25, 2008--Florida Gov. Charlie Crist says he likes the idea of a moratorium on housing foreclosures in Florida.
Fort Worth, TX, Nov. 25, 2008--D.R. Horton, Inc. said that fourth quarter revenue was cut in half from 2007.
Washington, DC, Nov. 25, 2008--The U.S. economy contracted at a slightly faster pace in the third quarter than initially estimated, government data showed Tuesday.
London, England, Nov. 25, 2008--Topps Tiles, a provider of tile and wood flooring, reported a decline in profit for the full year 2008, with revenues almost flat with the previous year.
St. Petersburg, FL, Nov. 25, 2008--Kaindl Laminate Flooring said it has a laminate flooring collection of Greenguard certified products.