Economic Indicators Industry Forecasts Industry Statistics

Q2 Renovation Lull Has Continued into Q3

Truist reported that renovation spending weakened in Q2 2023 as expected, and, so far, there has been no sign of a pickup. Read More

Economic Indicators Industry Forecasts Industry Statistics

BEA News: Gross Domestic Product (Third Estimate), Corporate Profits (Revised Estimate), Second Quarter 2023 and Comprehensive Update

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “third” estimate. Read More

Economic Indicators Industry Forecasts Industry Statistics

Total Construction Starts Rose 6% in August on Commercial Increase

Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Read More

Economic Indicators Industry Forecasts Industry Statistics

Housing Starts Down 11.3% in August Driven by Multifamily

Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000, 11.3% below the revised July estimate of 1,447,000 and 14.8% below the August 2022 rate of 1,505,000, according to the U.S. Census Bureau. Read More

Competitive Intelligence Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Expanding Options

Flooring suppliers are truly taking their global sourcing operations worldwide. As the Uyghur Forced Labor Prevention Act (UFLPA) continues to cause massive disruptions to the importation of flooring products, particularly the most popular segment, luxury vinyl tile (LVT), manufacturers are proactively searching for new sourcing alternatives, spanning the globe from India to Mexico. In addition, many are significantly expanding their U.S. manufacturing operations. Read More

Economic Indicators Industry Forecasts Industry Statistics

Builder Confidence Slid 5 Points to 45 in September

Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This follows a six-point drop in August. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics

U.S. Ceramic Consumption Declined 4.7% in Q2

U.S. ceramic tile consumption Q22023 YTD was down 4.7% by volume versus Q2 2022 YTD, according to the Tile Council of North America. Read More

Competitive Intelligence Product Research Info Published Articles

Steam Shower Tile Considerations

The difference between a steam room vs sauna is that steam rooms create heat through humidity from water vapor and saunas provide dry heat from infrared light, electric heaters, or hot stones. Read More

Ceramic Tile Statistics Competitive Intelligence Product Research Info Published Articles

Choosing the Best Ceramic Tile for Your Project

The vast array of ceramic tile designs, shapes, sizes, and colors gives you the optimum advantage when choosing ceramic tile. The best ceramic tile can really compliment the personal aesthetic you have planned for your home. Where to Find the Right Ceramic Tile You can purchase ceramic tile through many outlets, ranging from home improvement stores to showrooms to online retailers. In all cases, it is important to: Read More

Economic Indicators Industry Forecasts Industry Statistics

Ceramic Imports Declined by 7.8% YOY in First Seven Months of 2023

In the first seven months of 2023 total U.S. imports of ceramic tile were 109 million square meters, a decline of 7.8% from the same period in 2022 when imports were 118 million square meters, according to Grosser Consulting. Read More