ARA honors Alex Kouzmanoff
The American Rental Association (ARA) will recognize individuals for outstanding service to the association and the rental industry during the upcoming The Rental Show in Orlando, Fla. Among those to be honored is Alex Kouzmanoff, VP of Azteck Tents in Torrance, Calif.
Kouzmanoff has been actively involved in Events & Tents, ARA’s educational program for party and special event rental held at The Rental Show. He’s been a frequent seminar speaker and moderator, including this year in Las Vegas. He’s also taken a lead role in Aztec Tents’ sponsorship of Events & Tents for many years. He served on the Events & Tents Task Force from 2004 to 2006 and is currently a member of the Party and Event Services Shared Interest Group.
He’s also been a long-standing resource on issues within the tent industry, for ARA and related event industry associations, and participated in developing ARA’s Statement of Best Practices of Emergency Evacuation Planning for Tented Events in 2012. Kouzmanoff is currently enrolled in the Certified Rental Professional Program. He was a key supporter of ARA of California upon its formation in 2004, sponsoring and participating in the state association’s inaugural programs.
The Rental Show will take place Feb. 9-12 in Orlando, Fla.
Nolan Pike to lead Electrolux North American cooking business
Electrolux has named Nolan Pike as senior VP and general manager for its North American cooking business, effective Dec. 2.
Pike most recently worked for Sears as its Kenmore Brand VP and general manager and as the top merchant for Sears Home Appliances. He also spent many years in manufacturing and led the development, launch and product management of several cooking lines.
“We produce one out of every three ovens shipped in North America,” said Jack Truong, president and CEO of Electrolux Major Appliances North America. “When you align a strong talent like Nolan with North America’s largest cooking business, it is a win for consumers and the appliance market."
Pike holds a bachelor’s degree from the University of Texas and an MBA from Lehigh University. He will report directly to Truong and will be a member of the company’s North American leadership team.
In other company news, Electrolux also announced that John Terzo, current head of the cooking business, is retiring after 32 years with the company.
Existing-home sales continue decline, prices stay strong
Existing-home sales declined for the second consecutive month in October, the National Association of Relators reported. Still, home prices stayed strong thanks to tight inventory.
Total existing-home sales were down 3.2% to a seasonally adjusted annual rate of 5.12 million. Nevertheless, this is still a 6.0% improvement over October 2012, and the 28-month streak of year-over-year improvement remains unbroken.
Single-family home sales were down 4.1% to a seasonally adjusted annual rate of 4.49 million, but remained 5.2% above year-ago figures.
Meanwhile, the national median existing-home price was $199,500, up 12.8% year-over-year. Part of this gain is attributed to fewer distressed home sales in 2013.
“The erosion in buying power is dampening home sales,” said NAR chief economist Lawrence Yun. “Moreover, low inventory is holding back sales, while at the same time pushing up home prices in most of the country. More new home construction is needed to help relieve the inventory pressure and moderate price gains.”
Total housing inventory was down 1.8% to 2.13 million homes available for sale, marking a 5.0-month supply up marginally from September’s.