Commercial Property Lending Strong in 2007
Washington, DC, May 8, 2008--The commercial/multifamily originations market grew 19 percent in 2007, according to the Mortgage Bankers Association.
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Remodeling Activity Still Showing Weakness
Washington, DC, May 8, 2008--Remodeling activity remained steady during the first quarter of 2008, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index.
Pfleiderer Says North America Revenues Climb
Neumarkt, Germany, May 8, 2008--Pfleiderer AG, parent of laminate maker Pergo, said revenue grew by 9.4 percent in the first quarter as sales were higher in all segments.
Pending Home Sales Index Falls; 20% Lower Than '07
Washington, DC, May 7, 2008--The Pending Home Sales Index edged down 1.0 percent to 83.0 from 83.8 in February, and was 20.1 percent lower than the March 2007 index, according to the National Association of Realtors.
Initial Jobless Claims Fall by 18,000 in Week
Washington, DC, May 8, 2008--The number of people filing for the first time for unemployment benefits fell by 18,000 to 365,000 on a seasonally adjusted basis in the week ended May 3, the Labor Department said.
ISM Sees Growth in Both Manufacturing, Services
Washington, DC, May 8, 2008--According to the U.S. Institute for Supply Management's (ISM) Spring 2008 Semi-Annual Economic Forecast, the manufacturing sector is expected to grow marginally and the non-manufacturing sector will have sustainable growth.
Forbo Holding Ups Stake in Rieter to 5.01 Percent
Winterthur, Switzerland, May 8, 2008--Forbo Holding AG has informed Rieter Holding Ltd that it currently holds 223,000 registered shares in Rieter or about 5.01 percent of outstanding shares.
Invista's Dispute With DuPont Continues
New York, NY, May 8, 2008--Invista has sued DuPont Co. to force the chemical company to provide three staffers it needs to defend itself in a patent dispute.
Consumer Borrowing Spikes in March
Washington, DC, May 8, 2008--Stressed consumers are turning to increasingly turning to their credit cards.
Refinancing Fuels Mortgage Application Surge
Washington, DC, May 7, 2008--Mortgage applications filed last week rose 15.6 percent compared with the previous week due to increased refinancing activity, according to the Mortgage Bankers Association.