Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports

Ceramic Imports Declined 7.9% YOY in January

In the month of January 2024, total U.S. imports of ceramic tile were 13.79 million square meters, according to Grosser Consulting, a 7.9% decline compared to January 2023’s 14.97 million square meters. Read More

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Tile Shop Sales Down 3.4% in Q4, Income Down 58%

The Tile Shop reported net sales for Q4 2023 were $84.5 million, a decrease of 3.4% compared to Q4 2022’s $87.5 million. Read More

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LL Flooring Sales Declined 19.7% in Q4 2023 on Loss of $17.5 Million

LL Flooring reported Q4 2023 net sales declined 19.7% to $211.8 million compared to sales of $263.9 million in Q4 2022, driven by a decrease in transaction count and average transaction size reflecting lower spend by consumers and pros. Read More

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The 2024 Election & The Economy

With the presidential and congressional elections occurring later this year, many are pondering their impact on the U.S. economy. There are basically two schools of thought on how federal elections translate to economic conditions. The first is that politicians will stimulate the economy with new spending programs to promote greater support for their economic agenda, hoping that voters will reward them and other candidates in their party at the polls. Read More

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Single-Family Production Shows Signs of Stirring

Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual upward trend, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the fourth quarter of 2023. Meanwhile, new data on overall production in coastal areas shows that single-family home building is holding steady while multifamily is falling. Read More

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Dodge Momentum Index Declined 1.4% in February

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 1.4% in February to 180.5 (2000=100) from the revised January reading of 183.0. Over the month, commercial planning fell 2.3% and institutional planning ticked up 0.1%. Read More

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Smaller Homes Trends for Home Buyers

Following a brief uptick in new home sizes in 2021, the average size of a new home continues to inch smaller — dropping from 2,479 square feet in 2022 to 2,411 square feet in 2023, the smallest average size in 13 years — to match home buyer preferences for less square footage. According to NAHB’s latest What Home Buyers Really Want study, home buyers are looking for homes around 2,070 square feet, compared to 2,260 20 years ago. Read More

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BEA News: Personal Income and Outlays, January 2024

Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)—personal income less personal current taxes—increased $67.6 billion (0.3 percent). Read More

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Multifamily Housing Market Will Decline in 2024

Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold steady this year. Read More

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Lowe's 2023 Sales Declined 11% YOY, Earnings Up 20%

Lowe’s reported net sales for Q4 2023 were $18.6 billion, a 17% decline compared to sales of $22.4 billion in the prior year quarter. Prior-year quarterly sales included approximately $1.4 billion from the additional 53rd week, as well as $958 million generated from Lowe’s Canadian retail business. Read More