Economic Indicators Industry Forecasts Industry Statistics

May Consumer Sentiment Down 10.5% from April, Up 17.1% YOY

Consumer sentiment declined 10.5% to 69.1 in May, according to final results from the University of Michigan Survey of Consumers. Read More

Economic Indicators Industry Forecasts Industry Statistics

BEA Announcement: 2023 Comprehensive Update Tables Released 

BEA today released the following tables as part of the 2023 Comprehensive Updates to the Industry and Regional Economic Accounts: Industry Read More

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

On Friday, April 19, the week before Coverings, the Tile Council of North America (TCNA) reported that U.S. ceramic tile manufacturers, representing over 90% of all U.S. ceramic tile manufacturing, had filed anti-dumping and countervailing duty petitions with the federal government. Read More

Economic Indicators Industry Forecasts Industry Statistics

Home-Owning Families Spent 38% of Income on Mortgage in Q1

A new quarterly Cost of Housing Index unveiled by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by revealing that in Q1 2024, 38% of a typical family’s income was needed to make a mortgage payment on a median priced new single-family home in the United States. Low-income families, defined as those earning only 50% of the area’s median income, would have to spend 77% of their earnings to pay for the same new home. Read More

Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Lowe's Q1 Sales Down 4% YOY, Earnings Decline 22%

Lowe’s reported total sales for Q1 were $21.4 billion, a decline of 4% compared to $22.3 billion in the prior-year quarter. Comparable store sales for the quarter decreased 4.1% as the decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online. Read More

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

Good News for U.S. Hard-Surface Imports in March

U.S. hard-surface imports of $364.2 million in March offered a double-dose of good news, with an increase of 8% from February and a 2.1% lift from March 2023. Read More

Economic Indicators Industry Forecasts Industry Statistics

High Interest Rates Keep Single-Family Starts Flat

Single-family starts remained flat in April as interest rates moved above 7 percent last month and builders were dealing with tighter lending conditions. Read More

Economic Indicators Industry Forecasts Industry Statistics

Consumer Prices Rose 3.4% in April YOY

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March, the U.S. Bureau of Labor Statistics reported. Read More

Economic Indicators Industry Forecasts Industry Statistics

Builder Confidence Declined 6 Points to 45 in May

Builder confidence in the market for newly built single-family homes was 45 in May, down six points from April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read More

Economic Indicators Industry Forecasts Industry Statistics

Home Depot Sales Down 2.3% YOY in Q1, Earnings Down 7%

The Home Depot reported sales of $36.4 billion for Q1 2024, a decrease of 2.3% from Q1 2023’s $37.3 million. Read More