Home Prices Rose 5.0% in April, S&P/Case-Shiller
New York, NY, June 28, 2016—The S&P/Case-Shiller U.S. National Home Price Index reported a 5.0% annual gain in April, down from 5.1% 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.
J+J's Kinetex Products Certified as NFSI High Traction Surface
Dalton, GA, June 28, 2016—J+J Flooring Group has announced that its Kinetex products received National Floor Safety Institute (NFSI) certification as a High-Traction Surface.
Spending on the Rise for Kitchen & Bath Renovations, Says Houzz
Palo Alto, CA, June 28, 2016—Homeowners are investing larger budgets into their kitchen and bathroom renovation projects, according to the fifth annual Houzz & Home survey of more than 120,000 respondents in the U.S.
Shaw to Open Commercial Design Space in Cartersville, GA
Dalton, GA, June 27, 2016—On June 25, Shaw Industries broke ground on a new commercial design space, called the Create Centre, in Cartersville, Georgia.
Architecture Billings Index Hit 53.1 in May, Highest Score in Nearly a Year
Washington, DC, June 27, 2016—The Architecture Billings Index accelerated to its highest score in nearly a year with a May ABI score of 53.1.
Lorberbaum Honored with EY Lifetime Achievement Award
Dalton, GA, June 25, 2016—Mohawk Industries’ chairman and CEO Jeff Lorberbaum was honored with the EY Lifetime Achievement Award in the Southeast U.S. region.
11.4% of Households Spend Half of Income on Housing, JCHS
Cambridge, MA, June 27, 2016—The national housing market has now regained enough momentum to provide an engine of growth for the U.S. economy, according to the The State of the Nation’s Housing report by the Joint Center for Housing Studies.
Consumer Sentiment Fell 1.3% in June
Ann Arbor, MI, June 27, 2016—Consumer sentiment fell to 93.5 in June, a 1.3% drop from May’s 94.7, according to the final results from the University of Michigan’s Survey of Consumers.
KB Home Increases Q2 Revenue by 30% YOY
Los Angeles, CA, June 27, 2016—KB Homes announced quarterly revenue of $811.1 million, or earnings per share of $0.18 for Q2 2016, compared to revenue of $623.0 million, or earnings per share of $0.10 for Q2 2015, an increase of 30%.
Invista Enacts Force Majeure on Adiponitrile and Hexamethylene Diamine
Wichita, KS, June 27, 2016—Invista informed customers on June 24 that it had invoked Force Majeure on adiponitrile (ADN) and hexamethlyene diamine (HMD) following an unspecified incident at its Victoria, Texas facility.