Mortgage Applications Fall as Interest Rates Rise
Washington, DC, February 20, 2008-- Mortgage applications fell last week 22.6 percent from the previous week, according to the weekly survey by 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.
Home Builder Sentiment Improves Slightly
Washington, DC, February 19, 2008-- Home builder sentiment improved unexpectedly in February according to the National Association of Home Builders.
Consumer Prices Rise More Than Expected
Washington, DC, February 20, 2008--Consumer prices rose more than expected in January due to significant increases in the cost of food and health care, the Labor Department said.
Surfaces Organizers Pleased With Attendance
Dallas, TX, February 19, 2008—Although attendance was down at this year’s Surfaces show in Las Vegas, organizers say attendance was higher than expected and overall they are pleased.
Invista To Build Development Facility in Ontario
Kennesaw, GA, February 19, 2008--Invista is investing in a multi-million-dollar advanced development pilot facility at its Kingston, Ontario, nylon manufacturing facility. The new facility will support Invista’s growth in North America, Europe and Asia.
Patterson To Direct Anderson Sales Effort
Clinton, SC, February 19, 2008--John Patterson has been named vice president of sales for Anderson Hardwood Floors.
NWFA Releases Hardwood Lifecycle Assessment
St. Louis, MO, February 18, 2008– The National Wood Flooring Association Industry Research Foundation has released a life cycle analysis for solid hardwood flooring.
Foamex Expects Earnings To Meet Credit Requirement
Linwood, PA, February 19, 2008--Foamex International Inc. said that it expects earnings for Foamex L.P., the company’s primary operating subsidiary, to be in compliance with its financial covenants.
Countrywide Foreclosure Rates Nearly Double
Calabasas, NY, February 18, 2008--Countrywide Financial Corp. said the foreclosure rate on the mortgages it services nearly doubled in January from the previous year.
Tarkett Raising Prices on Commercial Tile
Houston, TX, February 15, 2008--Tarkett said it will raise prices on its commercial resilient tile.