Pantone, Valspar expand paint collection with 2014 Color of the Year
Pantone and Valspar Paint announced the addition of Pantone Radiant Orchid, the 2014 Color of the Year, to the Pantone Universe Paint Collection by Valspar, available at Lowe’s nationwide. Radiant Orchid is a mix of fuchsia, purple and pink undertones.
"Nothing can transform the mood of a room more than color, and the purple family has continued to grow in popularity and acceptance among interior designers and consumers alike," said Leatrice Eiseman, executive director of the Pantone Color Institute. "As we move into 2014, we are beginning to embrace bold paint colors in the home for accent walls or to revamp key furniture pieces. Radiant Orchid is a surprisingly versatile, modern hue that evokes a sense of creativity and movement that will elevate any room to a new dimension."
Other colors from the Pantone Universe Paint Collection by Valspar include:
Blue: Featured colors are Illusion Blue, Moroccan Blue and Peacock Blue.
Neutrals: Colors include Mushroom and Pantone Timber Wolf.
Purples: Pantone Wild Orchid and Pantone Sweet Lavender are some of the choices.
Greens: Colors Tender Shoots and Hunter Green.
Healthy number for new-home sales
The Census Bureau’s delayed report on new housing sales was released yesterday, and it was worth the wait.
Sales of new single-family houses in October were at a seasonally adjusted annual rate of 444,000. That was better than analyst forecasts of 425,000 and up 25.4% from the September rate of 354,000.
Compared with October 2012, yesterday’s data shows new home sales up 21.6%.
The estimates were released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
The median sales price of new houses sold in October 2013 was $245,800; the average sales price was $321,700. The seasonally adjusted estimate of new houses for sale at the end of October was 183,000. This represents a supply of 4.9 months at the current sales rate.
The reports for September and October were delayed by the recent partial government shutdown. Housing starts for September and October continue to be delayed, and are expected to be released later this month.
October’s gain more than made up for September’s 6.6% decline.
Also in October, all four regions of the country showed new-home-sales strength. New-home sales in the Midwest increased 34.0%, the South increased 28.2%, the Northeast rose 19.2%, and the West rose 15.2%.