U.S. Mortgage Applications Drop Last Week
New York, NY, February 7, 2007--U.S. mortgage applications dropped last week, reflecting weaker demand for home purchase loans even as interest rates fell, an industry trade group said on Wednesday.
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.
New Water-Repellent Sub-Floor From Georgia Pacific
Atlanta, GA, February 7, 2007--Georgia-Pacific Wood Products LLC debuted a new solution for residential builders interested in protecting sub-floors before the roof and exterior walls go up during the initial stages of the construction process.
Tascot Intros New Designs
Devonport, Tasmania, Australia, February 7, 2007--Tascot Carpets, designers and manufacturers of commercial and residential carpets have introduced four new designs to their Primavera range of hospitality carpets.
Housing Takes Toll On Louisiana-Pacific
San Francisco, CA, February 7, 2007--Louisiana-Pacific Corp. swung to a wider-than-expected loss in the fourth quarter as a drop in construction of new homes sapped demand for building products.
Carpet Oasis Posts Record Sales
Dubai, United Arab Emirates, February 7, 2007--Sales at Carpet Oasis, a much sought after venue for carpets and antiques during DSF 2006-2007, reached a monumental Dhs58 million, with Dhs37 million worth of business conducted between merchants.
New Home Depot CEO Gets Praise for Statements
Chicago, Ill., February 7, 2007--Frank Blake, Home Depot Inc.'s month-long chief executive, made bold statements about conciliation and corporate governance when he named a dissident shareholder to his board this week.
Classen To Withdraw Patent Co-Op with Välinge
Kaisersesch, Germany, February 2, 2007--Prior to the Domotex in 2007 Classen had reached an agreement with Välinge AB (Sweden) offering a vertical locking system which covered joint marketing and licensing for various types of flooring products.
Pfleiderer Receives Approval for Pergo Acquisition
Neumarkt, Germany, February 2, 2007--Pfleiderer Sweden AB has received the required formal authorization by the German Anti-Trust Office and the US Federal Trade Commission (FTC) to complete the acquisition of Pergo AB.
Consumer Sentiment Remains at a Two-Year High
Washington, DC, February 2, 2007-- Consumer sentiment weakened in late January, according to research at the University of Michigan on Friday.
Payrolls Up 111,000
Washington, DC, February 2, 2007--Nonfarm payrolls increased by 111,000 in January, the Labor Department reported. The jobless rate ticked up to 4.6% in January. This is the highest rate since September.