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.

Bush Administration Authorizes Loans to Big 3

Washington, DC, Dec. 19, 2008--Citing danger to the national economy, the Bush administration came to the rescue of the U.S. auto industry Friday, offering $17.4 billion in emergency loans.

30-Year Mortgage Hits 37 Year Low

Washington, DC, Dec. 19, 2008--The benchmark 30-year fixed-rate home mortgage fell to an average of 5.17% this week, the lowest since Freddie Mac began its weekly rate survey in 1971.

Economic Indicators Fall in November

Economic Indicators Fall in November

Washington, DC, Dec. 18, 2008--More economic weakness is in store for the first few months of 2009, the Conference Board said Thursday, citing continuing housing and credit problems.