Mortgage Applications Up as Rates Move Lower
Washington, DC, Aug. 27, 2008--Mortgage application volume rose for the first time in three weeks as interest rates edged lower, according to the Mortgage Bankers Association.
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.
Largest British Homebuilder Reports Huge Loss
London, England, Aug. 27, 2008--British homebuilder Taylor Wimpey reported a $2.62 billion first-half loss resulting from $2.79 billion worth of write-downs to the value of its assets.
Striking Beaulieu Canada Workers Step Up Pressure
Montreal, Quebec, Canada, Aug. 27, 2008--The union representing 300 striking workers at Beaulieu Canada has launched a nationwide publicity campaign against the country's leading residential carpet manufacturer, according to The Gazette newspaper.
Propex Names Brant Chief Operating Officer
Chattanooga, TN, Aug. 26, 2008 – Propex Inc. has named Stan Brant executive vice president and chief operating officer.
Durable Goods Orders Rose in July
Washington, DC, Aug. 27, 2008--New orders for durable U.S. manufactured goods jumped 1.3 percent in July, while a gauge of business investment also rose unexpectedly, according to the Commerce Department.
WFCA Segment To Be Featured on Designing Spaces
Anaheim, CA, Aug. 25, 2008 – The World Floor Covering Association has partnered with Discovery Communications on an eight-minute segment dedicated to eco-friendly flooring.
Solutia Names Voss To Manage Nylon Business
St. Louis, MO, Aug. 26, 2008--Solutia said that James R. Voss, senior vice president of Solutia and president of the Technical Specialties division, will manage the company's Nylon business.
Home Prices Plunge by Record 15.4% in Quarter
New York, NY, Aug. 26, 2008--U.S. home prices fell a record 15.4 percent in the second quarter compared to a year ago, according to the latest S&P/Case-Shiller national home price index.
J&J/Invision Receives Flag from Troops in Kabul
Dalton, GA, Aug. 25, 2008 – J&J/Invision recently received an American flag from a group of U.S. troops stationed in Kabul, Afghanistan.
British Homebuilders Suffering Like U.S. Firms
London, England, Aug. 26, 2008--British homebuilder Bovis Homes Group PLC said profit for the first half of the year plunged by 83 percent, as banks reined in mortgage lending amid the credit crunch.