Home Prices Rose 6.1% YOY in November, Says FHFA
Washington, DC, January 26, 2017—The FHFA House Price Index reported a 0.5% increase in U.S. house prices in November from the previous month.
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.
Dr. Bernard Gustin to Retire from Latricrete Board
Bethany, CT, January 26, 2017—Laticrete has announced that Dr. Bernard Gustin is retiring from the board of directors after 25 years of dedicated service.
Karndean Designflooring Holds Benefit for Wounded Warrior Project
Export, PA, January 26, 2017—Karndean Designflooring held a charity event in Las Vegas, Nevada on January 17 to raise funds for the Wounded Warrior Project.
2016 Existing-Home Sales Mark Highest Rate in a Decade
Washington, DC, January 24, 2017—Total existing-home sales finished 2016 at 5.45 million sales and surpassed 2015 (5.25 million) as the highest since 2006 (6.48 million), according to the National Association of Realtors. This marks the best year in a decade.
Stifel Says Mohawk's Acquisition of Emil Ceramica Nearly Complete
St. Louis, MO, January 25, 2016—Analyst Stifel believes that Mohawk has nearly completed its acquisition of Italian tile manufacturer Emil Ceramica, a move that was first reported in an Italian newspaper in September 2016.
D.R. Horton's Net Incomes Rose 13% YOY in Q1 2017
Fort Worth, TX, January 25, 2017—D.R. Horton reported that net income for its first fiscal quarter ended December 31, 2016 increased 31% to $206.9 million, or $0.55 per diluted share, from $157.7 million, or $0.42 per diluted share, in the same quarter of fiscal 2016.
Kemp's Flooring Named Armstrong Elite Dealer
Lancaster, PA, January 25, 2016—Kemp’s Flooring was named an Elite Dealer by Armstrong Flooring.
Construction Employment Increased in 32 States in 2016
Arlington, VA, January 25, 2017—Thirty-two states added construction jobs in 2016 as a dearth of experienced workers kept contractors in many states from hiring as many employees as they would have preferred, according to an analysis by the Associated General Contractors of America of Labor Department data released and the association's own survey.
Winners of 2017 Young Professional Award Announced
Chattanooga, TN, January 24, 2017—Floor Focus is pleased to announce the winners of its 2017 Young Professional Award, which, this year, focused on the retailer/contractor segment.
Redi Carpet Names Brian Caress CEO
Stafford, Texas, January 24, 2017—Brian Caress was named CEO of Redi Carpet, effective January 1.