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From Home Furnishing Business

FastFact: Single-Family Homes Getting Bigger as Lot Sizes Shrink

A new report from the U.S. Department of Housing and Urban Development shows that new home construction is up 23% since 2009, while new home completions in the first half of 2016 were up 15% from the first half of 2015.

Gutierrez Named GM of Latexco California Factory

Latexco US, a producer of latex and technical polyurethane foams, has named Jim Gutierrez as general manager of its Latexco US West facility in Santa Fe Spring, Calif.

Magniflex Mattress Line Obtains GOTS Certification

Magniflex USA, the domestic subsidiary of Italian bedding manufacturer Magniflex, said its Toscana mattress collection has been certified by GOTS, the Global Organic Textile Standard issued by the Institute for Ethical and Environmental Certification.

Bob’s Supports Children’s Reading Program

Employees of Bob’s Discount Furniture recently donned Cat in the Hat costumes at Elliott Hospital in Manchester, N.H., as part of the “Reach Out and Read” program that provides books to children who are patients at hospitals and pediatric practices.

RH Profits Tumble in Q3; Retailer Cuts Q4 Outlook

Restoration Hardware Holdings (NYSE: RH) said revenues rose 3.2% to $549.3 million for the quarter ended Oct. 30, but profits were well below the same quarter last year due to a variety of capital spending projects, including the launch of RH Modern.

Pulte Model Homes Feature Rachael Ray Home Furniture

Pulte Group, (NYSE: PHM), one of the nation's largest homebuilders, has unveiled several model homes outfitted with furnishings from the Rachael Ray Home collection, which was introduced earlier this year by case goods resource Legacy Classic and its sister company, upholstery producer Craftmaster.

Rent-A-Center Completes Rollout of E-Commerce Platform

Rent-A-Center, Inc. (NASDAQ: RCII), the nation’s largest rent-to-own operator, announced their nationwide rollout of an end-to-end e-commerce platform is substantially complete, and said customers now have the ability to fully transact with the company online from the convenience of their desktop, laptop, or mobile device.

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