Articles
April Construction Employment Rose in 42 States YOY
Seasonally adjusted construction employment rose from April 2022 to April 2023 in 42 states and the District of Columbia, declined in seven states, and held steady in Hawaii, according to Associated General Contractors’ analysis of data by the Bureau of Labor Statistics. Read More
NAHB Redesigns Multifamily Market Survey, Reports Q1 Findings
The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in Q1 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 50 for Q1, while the Multifamily Occupancy Index (MOI) reading was 82. Read More
Builder Confidence Jumps Five Points to 50 in May
Builder confidence in the market for newly built single-family homes in May rose five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This marks the fifth straight month that builder confidence has increased and is the first time that sentiment levels have reached the midpoint mark of 50 since July 2022. Read More
Construction Employment Rose by 253,000 Jobs in April
The Bureau of Labor Statistics reported that hiring in the U.S. unexpectedly picked up last month, with employers adding 253,000 (seasonally adjusted) jobs, up from a revised 165,000 in March, reports the Dodge Data & Analytics. The nation’s unemployment rate edged down to 3.4% in April, from 3.5% a month earlier and 3.6% in February, representing the lowest jobless rate since January. Read More
Q1 2023 Ceramic Imports Declined 4.6% in Units YOY
In the first three months of 2023, total U.S. imports of ceramic tile were 44.8 million square meters, according to Grosser Consulting, a 4.6% decline compared to the same period in 2022. Read More
Floor & Décor Sales Rose 9.1% in Q1, Earnings Up 0.8%
Floor & Décor reported a net sales increase of 9.1% to $1,122.1 million in Q1 2023, compared to $1,028.7 million in Q1 2022. Read More