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Housing affordability hits 18-month low

Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.   Read More

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Stats 2019: Tile’s slight uptick

In 2019, the ceramic floor and wall tile segment performed at a rate comparable to the previous year. According to Catalina Research, the category posted sales (in manufacturer’s dollars) of $3.9 billion, accounting for 14.1 percent of the total floor covering sales in 2019 — a 0.7 percent increase.  Read More

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marketWise review of the Floor Covering Industry 2019 Results

Daltile invented the manufacturer/distributor/sales office hybrid. It is a manufacturer, distributor with warehouses and has more than 200 sales offices selling to contractors, end users, etc. Emser has 78 regional locations and MSI has 25. All are pretty much national in scope and carry mostly its own brands. They are exceptional companies and continue to outpace the industry.   Read More

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BEA News: Gross Domestic Product, 2nd Quarter 2020 (Advance Estimate) and Annual Update

Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter of 2020, real GDP decreased 5.0 percent. Read More

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Builder Confidence in 55+ Housing Market Bounces Back

"Low supply of existing homes and low interest rates are key factors in helping the 55+ housing market bounce back to where it was at the beginning of the year," said Harry Miller III, chairman of NAHB's 55+ Housing Industry Council and president of Regal Builders LLC in Dover, Del Read More

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BEA News: Personal Income and Outlays, June 2020 and Annual Update

Personal income decreased 1.1 percent while consumer spending increased 5.6 percent in June. Read More

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Builder confidence in 55+ housing market returns

NAHB chief economist Robert Dietz, “Like the broader housing market, we are seeing the 55+ housing market return to pre-pandemic levels. However, challenges such as rising lumber costs and availability of skilled labor will limit a more robust recovery." Read More

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Experts see home expenditures holding ground

One segment that is showing resilience is luxury spending on home products such as kitchen and bath items, according to a recent webinar, “Consumer Confidence and the Discretionary Dollar,” hosted by the National Kitchen & Bath Association (NKBA). Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Reports Stone Statistics

Floor covering sales struggle in 2019

U.S. floor coverings manufacturer dollar sales (U.S. factory shipments minus exports plus imports) could have increased by only 1.1 percent to $27.6 billion in 2019. This is down from a 5.7 percent increase in 2018. Square foot sales could have declined by 1.8 percent to 23.5 billion as rising average selling prices dampened demand. Read More

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New Home Sales Reach Highest Level Since Great Recession

In a sign that the housing market is leading the economy during the coronavirus outbreak, sales of newly built, single-family homes rose to their highest level since the Great Recession, up 13.8 percent to a seasonally adjusted annual rate of 776,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More