Economic Indicators Industry Forecasts Industry Statistics

Spending Surge Impacts Future Construction Spending

Pent-up demand from the pandemic is creating a general spending surge that is helping to improve the outlook on construction spending over the next two years, according to a new report from the American Institute of Architects (AIA). Read More

Economic Indicators Industry Forecasts Industry Statistics

BEA News: Personal Income and Outlays, June 2021 and Annual Update

Personal income increased $26.1 billion, or 0.1 percent at a monthly rate, while consumer spending increased $155.4 billion, or 1.0 percent, in June. Compensation increased in June while pandemic-related assistance programs declined. Read More

Economic Indicators Industry Forecasts Industry Statistics

BEA News: Gross Domestic Product, Second Quarter 2021 (Advance Estimate) and Annual Update

Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Read More

Economic Indicators Industry Forecasts Industry Statistics

New home sales fall in June

"Sales continued to trend lower in June as some builders slow sales contracts to manage supply-chains, amidst longer delivery times and higher construction costs," said Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla. "While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs. Moreover, other items like OSB remain elevated." Read More

Economic Indicators Industry Forecasts Industry Statistics

Housing Starts Increase in June but Supply-Side Issues Linger

"While lumber prices have just recently begun to trend downward, builders continue to deal with rising prices of other building materials, such as oriented strand board, and major delays in the delivery of these goods," said Chuck Fowke, chairman of the National Association of Home Builders (NAHB). "We are thankful that the White House recently held a meeting to seek solutions to these supply chain issues that are harming housing affordability." Read More

Economic Indicators Industry Forecasts Industry Statistics

Builder Confidence Edges Lower as Material Challenges Persist

"Builders continue to grapple with elevated building material prices and supply shortages, particularly the price of oriented strand board, which has skyrocketed more than 500 percent above its January 2020 level," said NAHB chairman Chuck Fowke. "We are grateful that the White House heeded our urgent plea to hold a building materials meeting with interested stakeholders on July 16 to seek solutions to end production bottlenecks that have harmed housing affordability." Read More

Economic Indicators Industry Forecasts Industry Statistics

Remodeling confidence improves year over year

"Remodelers in many parts of the country are experiencing very strong demand for their services," said NAHB Remodelers chair Steve Cunningham, CAPS, CGP, a remodeler from Williamsburg, Va. "So far, remodelers have been able to accommodate most customers, but as the backlog of projects in the pipeline grows, there is a tendency for them to take longer to start and complete." Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics

NKBA projects sales up more than 20 percent

In its July update to the Kitchen & Bath Market Outlook, the National Kitchen & Bath Association (NKBA) revised its 2021 industry sales projection upward to $170.9 billion, up by a substantial 21.4 percent from 2020’s $140.8 billion in kitchen and bath spending and nearly 8 percent higher than the initial estimate for the year. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Reports

Catalina releases industry update

Catalina Research has released its industry update for the first half of 2021. According to the report, U.S. floor coverings sales came roaring back in the first half of 2021 as rising COVID-19 vaccination rates and a surge in personal income gave consumers confidence to replace their flooring. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Reports

1Q 2021 U.S. Ceramic Tile Market Update

While last year was extremely difficult for the U.S. ceramic tile market, which was negatively impacted by the COVID-19 health crisis and declined for the second consecutive year, 2021 is off to an excellent start. Through 1Q 2021, total U.S. ceramic tile consumption was up 17.8% by volume vs. 1Q 2020.1 If the current pace continues for the full year, U.S. consumption would reach a record-high of 3.34 billion sq. ft. Read More