Mortgage Refinance Application Down
Washington, D.C., October 12, 2005--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 7.
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.
Retail Profits Off in 1Q
Washington, DC, October 12, 2005--After-tax profits of retail corporations with assets of $50 million and over totaled $13.0 billion in the first quarter 2005, down $3.7 billion from the preceding quarter.
FOMC Minutes Show Fed Leaning Toward More Hikes
Washington, D.C., October 12, 2005--Federal Reserve policy makers grew more concerned about inflation after Hurricane Katrina and said that interest rates would probably have to move higher to restrain prices, according to minutes of the central bank'
KB Home to Offer Homes Designed by Martha Stewart
Los Angeles, CA, October 12, 2005-- KB Home, one of the nation's biggest homebuilders, said Wednesday it would start selling a line of homes designed and decorated by Martha Stewart.
Greenspan: Flexibility Benefits Economy
Washington, D.C., October 12, 2005--Federal Reserve chairman Alan Greenspan said on Wednesday the ability of the U.S. economy to weather shocks showed the benefits of flexibility, even if this performance also encouraged "speculative excess."
Report Compares European & North American Flooring
Wilmslow, U.K., October 12, 2005—Textiles Intelligence issued a research report today indicating striking differences in the structure of companies in the floorcovering sector in Western Europe compared with that of North America.
Sphinx Intros New Collections, Expands Others
Dalton, GA, October 12, 2005--Sphinx by Oriental Weavers will debut two new handcrafted collections and additions to each of its three licensed product lines at the upcoming International Home Furnishings Market in High Point.
NAR: Home Sales Forecast Looking Stronger
Washington, D.C., October 12, 2005--The forecast for home sales has trended up as the year progressed, fueled lately by added demand resulting from the impact of recent hurricanes, according to the National Association of Realtors.
Homebuilder D.R. Horton’s 4Q Sales Up 33%
Fort Worth, TX, October 11,2005--D.R. Horton Inc., the largest U.S. home builder, said on Tuesday its quarterly organic net sales orders rose 33% to $3.8 billion.
Forbo Names Jörg Riboni CFO
Eglisau, Switzerland, October 11, 2005--As announced on August 23, 2005, Forbo has appointed a new chief financial officer and member of the group executive board.