Home Prices Inched Up 0.5% in October
Washington, DC, December 22, 2017—U.S. house prices rose in October, up 0.5% from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).
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Q3 GDP Revised Up Slightly to 3.2% in Third Estimate
Washington, DC, December 21, 2017—Real gross domestic product (GDP) increased at an annual rate of 3.2% in the third quarter of 2017, according to the third estimate released by the Bureau of Economic Analysis.
Architecture Billings Index Jumped 6% to 55.0 in November
Washington, DC, December 21, 2017—The American Institute of Architects (AIA) reported the November Architecture Billings Index (ABI) score was 55.0, up from a score of 51.7 in the previous month.
Lumber Liquidators Contributes to Hurricane Harvey Relief
Toano, VA, December 21, 2017— Lumber Liquidators, in coordination with Texas Governor Greg Abbott, has committed more than $100,000 in cash and flooring product to help one of the communities hardest hit by Hurricane Harvey—Aransas Pass, Texas.
Home Depot Acquires The Company Store
Atlanta, GA, December 21, 2017—The Home Depot has acquired The Company Store, an online retailer of textiles and home décor products, include area rugs, from Hanover Direct.
Existing-Home Sales Surged 5.6% in November
Washington, DC, December 20, 2017—Total existing-home sales jumped 5.6% to a seasonally adjusted annual rate of 5.81 million in November from an upwardly revised 5.50 million in October, according to the National Association of Realtors.
Tile of Spain Forecasts 2018 Tile Trends
Miami, FL, December 20, 2017—Tile of Spain, the association of over 125 Spanish tile manufacturers, is forecasting macro trends for 2018 which include: monochromatic colors, planks for wood and beyond, well-loved vintage looks, non rectified edges, encaustic mashups, gauged porcelain (large format thin tile) and thick pavers in porcelain.
Aspecta Forms Partnership with Spartan Surfaces
Norwalk, CT, December 20, 2017—Aspecta by Metroflor has appointed Spartan Surfaces as its new distributor for New York City and Long Island, Washington, DC, and the mid-Atlantic and Southeastern states, effective January 1, 2018.
Vikram Singh Named First Chief Digital Officer for Lowe's
Mooresville, NC, October 20, 2017—Lowe’s has announced that Vikram Singh has been named the company’s senior vice president, chief digital officer, effective January 4, 2018.
Michael Kohler Named Dir. of Tech. Services for Premier Building
Massillon, OH, December 20, 2017—Premier Building Solutions has added Michael Kohler as director of technical services to its executive team.