Refinance Applications Increase in Latest Survey
Washington, DC, August 16, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 11.
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.
Prices Causing Many to Alter Vacations
New York, August 16, 2006--While two-thirds of American families say they haven't yet scaled back their summer vacations because of higher gas prices, the other one-third are significantly changing their travel plans.
State Existing-Home Sales Soften in 2Q
Washington, DC, August 15, 2006--Existing-home sales, including single-family and condo, were down in the second quarter in contrast with a record set in the same period in 2005. Despite the overall decline, 20 states showed increases in sales activity fr
Saks Posts 2Q Loss
Birmingham, AL, August 15, 2006--Saks Inc., posted a second-quarter loss Tuesday, reversing a year-earlier profit, due in large part to sharply lower revenue following the sale of its Northern Department Store Group.
Natural Fiber Rug Market Continues to Grow
Beverly Hills, CA, August 15, 2006-- Like most industries in the United States, the rug business has not been spared from the effects of inflation, erratic petroleum prices and increasing dependence on Chinese importation.
Federated to Cut Newspaper Spending
Cincinnati, OH, August 14, 2006--Federated Department Stores Inc.'s conversion of hundreds of stores to the Macy's nameplate could be painful for newspapers.
Consumer Spending Slips on Taxes, Wages, Home Valu
New York, NY, August 10, 2006--The Deloitte Research Leading Index of Consumer Spending continued to move down this month, projecting a difficult retail environment due to a weaker job market, high energy costs and continued softness in the housing market
Flooring Transportation Firm Plans Expansion
Milwaukee, WI, August 9, 2006--A Milwaukee trucking firm that focuses on transporting tile, carpet and other flooring materials received financing approval Tuesday for a planned expansion on the city's northwest side.
Options are Key for West Coast Retailer
San Marcos, CA, August 7, 2006--California homeowners are finding that the latest IKEA trends may not be the best way to spend home improvement dollars and instead are opting to invest in their home's long term value, including flooring.
NAM: Pension Bill Provides Certainty for Employees
Washington, DC, August 7, 2006--The pension reform bill approved last week by the Senate includes a “mixed bag” of reforms for pension plan sponsors, according to Dorothy Coleman, vice president of tax and domestic economic policy at the National Associat