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Guide to Gauged Porcelain Tile Countertops 

We expect a lot from our kitchen and bathroom countertops: They must be able to meet numerous functional demands while also looking great. It’s a tall order, and it makes finding the right countertop material an important decision. Gauged porcelain tile panels/slabs for countertops are extra large porcelain tiles that are growing in popularity as a stylish countertop material. Keep reading to learn why gauged porcelain tile is inspiring beautiful new room designs. We’ll cover the health, safety, and easy maintenance advantages of gauged porcelain tile countertops plus all the beautiful styles that are winning our hearts. Read More

Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Future Forecast

Carpet tile is a growing segment for the soft surface flooring market, according to Catalina Research in its Floor Coverings Industry Quarterly Update released in March. Catalina estimated that carpet tile sales could have increased by 8.5 percent in dollars and 5.9 percent in square feet in 2023. “The sales increase reflects relatively strong nonresidential building construction spending since carpet tiles are generally used in commercial applications. Carpet tile sales are expected to continue to increase during 2024 since nonresidential building construction spending remains strong in early 2024,” reported Catalina. Read More

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Dimension Stone, 2022, advance-release tables

A new publication has been posted to the USGS National Minerals Information Center website Read More

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Employment Rose by 272,000 Jobs in May, Unemployment at 4%

Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0%, the U.S. Bureau of Labor Statistics reported. Read More

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Mohawk Industries reports first-quarter decline in sales

Mohawk Industries posted first-quarter 2024 revenues of US $2.7 billion, a 4.5% decline on the first quarter of 2023. The Global Ceramic segment’s sales fell by just 1.4% from $1,059 million to $1,045 million, compared to a more consistent 5.6% drop in the Flooring North America segment and a 7.4% contraction in the Flooring Rest of the World segment. Read More

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Single and Multifamily Production Growth Opposed

Fueled by a lack of existing inventory and pent-up demand, single-family permit growth is occurring across all tracked geographic regions of the nation while the opposite holds true for the multifamily sector, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the first quarter of 2024. Read More

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Buyers Compromising on Lot & Home Sizes to Achieve Ownership

High mortgage rates and double-digit growth in home prices since Covid-19 are putting buyers in a position to compromise on lot sizes and shrink their square footage to buy a home they can afford, according to survey results from National Association of Home Builders’ (NAHB) What Home Buyers Really Want, 2024 Edition. Read More

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Trade Commission to Investigate Dumping Claims on Indian Tile

The Tile Council of North America (TCNA) announced that on May 31, the United States International Trade Commission (USITC) unanimously determined a reasonable indication of material injury or threat of material injury to U.S. tile manufacturers by reason of imports of ceramic tile from India. Read More

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Stalled Housing Market Shifts Remodeling Activity

Rising mortgage rates and record house prices have dramatically slowed the housing market. Sales of existing homes are averaging under four million per year at an annual rate so far this year. As recently as early 2022, homes sales were running at a pace in excess of six million per year Read More

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BEA News: Personal Income and Outlays, April 2024

Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April. Disposable personal income (DPI)—personal income less personal current taxes—increased $40.2 billion (0.2 percent). Read More