Articles
BEA News: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), Third Quarter 2022
Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment. Read More
U.S. Terrazzo Market Size, Share & Trend Analysis Report 2022-2030
The U.S. terrazzo market is expected to reach USD 13.47 billion by 2030, registering a CAGR of 5.6% from 2022 to 2030. Increasing demand for residential and commercial construction sectors on account of its high-performance characteristics such impact resistance, high durability, and negligible bacteria growth are expected to drive the market growth. Read More
Nearly 5 Million Existing Home Sales Expected in 2023, Says NAR
An estimated 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond, forecasts Lawrence Yun, NAR chief economist and senior vice president of research. Read More
2023 Retail Outlook: Slower First Half but Consumers Will be Ready to Buy
Thanks to the slowing economy, flooring retailers will continue seeing less traffic in stores during the first half of 2023, but the people who do show up will be ready to buy, according to Jeff Lorberbaum, Mohawk chairman and CEO, who kicked off Mohawk Edge Summit in Nashville, Tennessee, this week. Read More
Builder Confidence Declined Two Points to 31 in December
Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This is the lowest confidence reading since mid-2012, with the exception of the onset of the pandemic in the spring of 2020. Read More
Dodge Anticipates Positive Market for Construction in 2023
Dodge Construction Network’s year-end report-which analyzes the key trends and insights across the industry throughout 2022, as well as insight into 2023-found that even though facets of a recession are possible, due to legislation and the advancements of project backlogs, construction may remain profitable through 2023. Read More
Inflation Eased to 7.1% in November
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in November on a seasonally adjusted basis, after increasing 0.4% in October, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 7.1% before seasonal adjustment. Read More