Virginia Tile Acquired by Transom, Combining with Galleher
Los Angeles, CA, June 25, 2024—Transom Capital Group, a middle market private equity firm, has acquired Virginia Tile Company.
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.
Home Prices Rose 6.4% in April, Says Case-Shiller
New York, NY, June 25, 2024—The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain for April, down from an 8.3% annual increase in the previous month.
Tarkett Wins Hermes and Viddy Awards for Marketing Efforts
Solon, OH, June 25, 2024—Tarkett recently earned international recognition in two creative award competitions—the Hermes Creative Awards and the Viddy Awards.
Homebuyers Need Large Down Payment to Afford Monthly Cost
Seattle, WA, June 24, 2024—To comfortably afford a typical U.S. home, a homebuyer making the median income needs to put down nearly $127,750, or 35.4%, a new Zillow analysis shows.
CRI Announces Opposition to California's AB 863
Dalton, GA, June 24, 2024—The Carpet & Rug Institute (CRI) opposes California bill AB 863 (Aguiar-Curry), which unnecessarily threatens the entire flooring industry.
Orian Names Walt Hartsfield EVP of Sales, Marketing & Design
Anderson, SC, June 24, 2024—Domestic manufacturer Orian Rugs has named Walt Hartsfield as its executive vice president of sales, marketing and design, reports Furniture today.
Existing-Home Sales Declined 0.7% in May
Washington, DC, June 21, 2024—Total existing-home sales retreated 0.7% from April to a seasonally adjusted annual rate of 4.11 million in May, according to the National Association of Realtors.
Home Prices Hit Record High in May at $419,300 Median
New York, NY, June 21, 2024—"Home prices rose in May to a new high, with low inventory continuing to spur bidding wars among home buyers in some markets,” according to the Wall Street Journal.
Construction Starts Rose 10% in May on Nonbuilding Strength
Bedford, MA, June 21, 2024—Total construction starts rose 10% in May to a seasonally adjusted annual rate of $1.24 trillion, according to Dodge Construction Network.
Wilbur Named Executive Director of NAFCD, Gammonley to Retire
Chicago, IL, June 21, 2024—The North American Association of Floor Covering Distributors (NAFCD) has announced that, after a comprehensive search process, it is excited to welcome Michael Wilbur as the incoming executive director.