August 29, 2016
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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.
Owner of Välinge Acquires Croatian Company Tehnodrvo
Viken, SW, August 25, 2016—Pervanovo Invest AB, the majority owner of Välinge, has acquired all shares of the Croatian wood processing company Tehnodrvo d.o.o.
Quick-Step Launching Luxury Vinyl Flooring Category
Dallas, TX, August 25, 2016 – Quick-Step is currently launching a new category within the brand, luxury vinyl flooring.
Mortgage Applications Fall 2.1% in Week Ended August 19
Washington, DC, August 25, 2016—Mortgage applications decreased 2.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 19.
Fuse Member Certified Finishes Adds Two Locations
Laguna Niguel, CA, August 25, 2016—Fuse Alliance has announced the expansion of Certified Finishes, a network member since July of 2007.
Jaipur Living Breaks Ground on New Headquarters/Warehouse in GA
Acworth, GA, August 24, 2016—Jaipur Living broke ground yesterday on a new $22.3 million facility in Acworth, Georgia, according to the AJC.com.
Toll Brothers Announces Q3 Results, 58% YOY Increase
Horsham, PA, August 24, 2016—Luxury homebuilder Toll Brothers announced results for its third quarter ended July 31.
Existing-Home Sales Down 3.2% in July on Limited Inventory
Washington, DC, August 24, 2016— Total existing-home sales fell 3.2% to a seasonally adjusted annual rate of 5.39 million in July from 5.57 million in June, according to the National Association of Realtors.
Summit International Flooring Announces Partnership with Tuntex Carpet
Whippany, NJ, August 24, 2016—Summit International Flooring has announced a new partnership with Tuntex Carpet.
July New Home Sales Up 12.4%, Hit Highest Rate Since Oct. 2007
Washington, DC, August 23, 2016—Sales of new single-family houses in July 2016 were at a seasonally adjusted annual rate of 654,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
Urban Floor Taps David Gray as VP of Sales
City of Industry, CA, August 23, 2016—Urban Floor has named David Gray as vice president of sales.
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