Articles

Consumer sentiment declined 8.7% to 54.7 in early November, according to preliminary results from the University of Michigan Survey of Consumers. Read More

Housing affordability fell to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012 as rising mortgage rates, ongoing building material supply chain disruptions, high inflation and elevated home prices pushed the housing market into a recession. Read More

Blush at the thought! Consumers aren’t being shy about a desire for a fresh start this year. Interior designers and manufacturers are answering the call with a fresh take on a warm neutral: blush. Sherwin-Williams has selected a blush hue as its 2023 color of the year. Likewise, Farrow & Ball, the iconic wallpaper and paint brand has issued 11 new colors — their first new colors in four years — and three of the 11 fall solidly in the blush hue. And, we’ve seen other big brands, such as Valspar and Better Homes and Gardens at Walmart, identifying blush as a major decor inspiration. Read More

The number of job openings increased to 10.7 million on the last business day of September, the U.S. Bureau of Labor Statistics reported. Read More

Personal income increased $78.9 billion, or 0.4 percent at a monthly rate, while consumer spending increased $113.0 billion, or 0.6 percent, in September. Read More

Mohawk announced sales of $2.9 billion in Q3 2022, an increase of 3.6% compared to sales of $2.8 billion in Q3 2021. For the same period, the company reported a net loss of $534 million, compared to earnings of $271 million in Q3 2021. Read More

Consumer sentiment rose 2.2% to 59.9 in October, according to results from the University of Michigan Survey of Consumers. This represents a 16.5% decline year over year. Read More

Fall has arrived, and with it comes all the charms of this enchanting time of year. We’re celebrating the change of the season with fall-inspired ceramic tile! Incorporate these tile styles in your home for looks you will love year-round! Read More

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent. Read More

Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Read More