August 27, 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.
Lorberbaum Named Most Admired CEO in Manufacturing by AJC
Calhoun, GA, August 26, 2016—The Atlanta Business Chronicle has recognized Mohawk Industries’ chairman and CEO Jeff Lorberbaum’s leadership of the world’s largest flooring company by honoring him as 2016’s Most Admired CEO in the Manufacturing category.
July Marked 48th Consecutive Month for Rise in Home Values
Seattle, WA, August 26, 2016—National home values appreciated for the 48th straight month this July to a Zillow Home Value of $187,300, according to the Zillow Real Estate Market Reports.
Second Estimate of Q2 GDP Revised Down to 1.1% but Remains Positive
Washington, DC, August 26, 2016—Real gross domestic product increased at an annual rate of 1.1% in the second quarter of 2016, according to the second estimate released by the Bureau of Economic Analysis.
Orders for Durable Goods Rose 4.4% in July
Washington, DC, August 25, 2016—New orders for manufactured durable goods in July increased $9.7 billion or 4.4% to $228.9 billion, the U.S. Census Bureau announced.
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.
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