Economic Indicators Industry Forecasts Industry Statistics

High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes

“So far, the economic recovery from the pandemic has disproportionately benefited Americans with bigger bank accounts,” said Redfin chief economist Daryl Fairweather. “This means a lot of the demand for homes is coming from folks who are well-off, while many lower-income Americans sit on the sidelines because they’ve been priced out of the housing market due to surging prices.” Read More

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Home sales data supports aspirational tile

“High-End Home Sales Surge Nearly 2x as Fast as Mid-Priced Homes”. Redfin also reported that “Homes of Every Price Are Flying Off the Shelves”. Redfin is a technology-powered real estate broker, and self-describes as also running the country’s #1 real-estate brokerage site.  Read More

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Demand for Homeownership is Strong While Affordability Challenges Remain

"The value of homeownership has never been greater as evidenced by the increase in active buyers this year," said NAHB chairman Chuck Fowke, a custom home builder. "Home builders are eager to meet this demand, but are hamstrung by high lumber costs. Policymakers must seek out solutions to resolve the lumber price problem to help more families achieve the American Dream." Read More

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Home Building at Fastest Pace in Areas with Shortest Commute Times

"The first quarter HBGI indicates that home building not only continued to overperform in lower cost markets like suburbs and exurbs, but also expanded the most rapidly for single-family and multifamily construction in areas with the shortest commutes," said NAHB chief economist Robert Dietz. "As workplaces increasingly adopt hybrid work models for roughly 30-40 percent of the American workforce, renters and buyers will have increased market power to minimize travel times and reduce both housing and transportation cost burdens." Read More

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BEA News: Gross Domestic Product, 1st Quarter 2021 (Second Estimate); Corporate Profits, 1st Quarter 2021 (Preliminary Estimate)

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Read More

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BEA News: Personal Income and Outlays, April 2021

Personal income decreased $3.21 trillion, or 13.1 percent at a monthly rate, while consumer spending increased $80.3 billion, or 0.5 percent, in April. Economic impact payments established by the American Rescue Plan Act, declined sharply in April. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Reports

2020 U.S. Ceramic Tile Market Update

STATISTICS AND MARKETS 2020 U.S. Ceramic Tile Market Update * 14/05/2021 from Ceramic World Web Newsletter * In 2020 total ceramic tile sales in… Read More

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A Bright Outlook for Commercial Flooring

We see the total flooring market this year being up about 15%, which is unprecedented. We see more than 5% next year. The residential market has already exceeded the 2019 peak, and commercial should get there in 2022, 2023 at the earliest. Read More

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New home sales soften in April

"Affordability factors are clearly affecting new home sales," said Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla. "A growing number of builders are limiting sales in order to manage supply chains, including access and cost factors associated with lumber, appliances, and other building materials. Policymakers need to find ways to improve the supply-chain, by facilitating more domestic production, or in cases where that cannot be done, suspending tariffs to allow for more imports." Read More

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Kitchen & Bath Market Index Reaches Historic High

The National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC) reported that the Q1 2021 Kitchen & Bath Market Index (KBMI) has soared to a rating 79.8, its highest score since the inception of the index. Read More