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.
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.
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.
Consumer Lending Holds Up in Midsize Cities
Washington, DC, March 30, 2009--Consumer-lending has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and rural towns, according to a story in the Wall Street Journal.
Builders See Confusing Info About 'Green' Material
Las Vegas, NV, March 30, 2009--A focus group held with eight homebuilders revealed that they have a limited knowledge about "green" building materials and are skeptical about sources of information on the subject.
Former Foamex CEO Nominated as Navy Secretary
Washington, DC, March 30, 2009--President Obama will nominate former Foamex CEO and former Mississippi Gov. Ray Mabus to be secretary of the Navy.
Defaults on FHA-Backed Loans Rise
Washington, DC, March 30, 2009--Defaults on home mortgages insured by the Federal Housing Administration in February increased from a year earlier.
UK Flooring Distributor Headlam Sees Profit Fall
Birmingham, England, March 30, 2009--Floorcoverings distributor Headlam Group Plc posted an 11 percent fall in its 2008 pretax profit.
Forbo Group Sees Strong Healthcare Sales in UK
London, England, March 27, 2009--Linoleum manufacturer Forbo Group has seen strong sales to the health sector of its patented bacteria-killing product, the company said.
Mohawk Beginning Colors of Spring Promotion
Dalton, GA, March 27, 2009—Mohawk and its aligned retailers are partnering in a national selling event called Colors of Spring.