Mortgage Application Volume Declines
Washington, DC, May 24, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 19, and it shows a 6 percent decline.
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.
Federated to Sell 9 Store Locations
Cincinnati, OH, May 24, 2006--Federated Department Stores will sell nine department store locations in six states to General Growth Properties Inc., as it continues to rid itself of duplicate stores gained in last year's acquisition of the May Departm
Williams-Sonoma 1Q Earnings Off
San Francisco, CA, May 24, 2006--Upscale home-decor retailer Williams-Sonoma Inc. on Wednesday said quarterly profit fell, after charges related to closing its Hold Everything storage-goods stores and stock option expenses.
Senate Votes to Hike Fines for Employers
Washington, DC, 24, 2006--Employers would face fines as high as $20,000 for hiring undocumented workers and have to screen all new hires as part of legislation that would grant legal status to millions of illegal immigrants.
Ryland Trims 2006 Earnings Guidance
Calabasas, CA, May 24, 2006--Home builder Ryland Group Inc., on Wednesday cut its 2006 earnings forecast as its second-quarter home sales are running 35 percent lower than a year earlier.
Bentley Prince Street on IDCE "Path"
Los Angeles, CA, May 23, 2006--Bentley Prince Street announced that it will be included in the International Design Center for the Environment’s (IDCE) benchmark for a manufacturing firm on the path to sustainability.Â
Tricycle to Launch Reverb at Neocon
Chicago, IL, May 24, 2006--At the NeoCon World's Trade Fair next month, Tricycle will launch Reverb, an anthology of essays by eco-consultants, leading commercial designers and industry editors.
Carpet One Upgrades Liz Claiborne Website
Manchester, NH, May 24, 2006--Carpet One has launched a completely redesigned Liz Claiborne Home flooring website: www.lizclaiborneflooring.com.
Beaulieu to Require CRI Seal on Cleaning Products
Dalton, GA, May 24, 2006--Effective January 1, 2007, Beaulieu of America will amend its product warranty statement to insure proper cleaning solutions and procedures are used in maintaining their products.
New Home Sales Up in April
Washington, DC, May 24, 2006--Sales of new homes surprised economists and stayed strong in April, the Commerce Department reported Wednesday.