Articles

"The end is in sight for one of the biggest sources of inflation. Surging housing costs helped keep inflation high this year but have likely already swung into reverse, economists say,” reports the Wall Street Journal. Read More

The big jump in single-family home building activity that occurred in the aftermath of the COVID-19 pandemic in large metro outlying counties and exurban areas has shown a marked decline over the past 12 months, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2022. Read More

Year-to-date through September, U.S. imports of engineered wood flooring have grown by more than 22% in value to more than $1 billion and by more than 19% in volume to over 600 million square feet, reports the Decorative Hardwoods Association. Read More

Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported. Read More

Personal income increased $155.3 billion, or 0.7 percent at a monthly rate, while consumer spending increased $147.9 billion, or 0.8 percent, in October. Read More

Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. Read More

The global industrial flooring market is expected to grow from $6.26 billion in 2021 to $6.91 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The industrial flooring market is expected to grow to $9.08 billion in 2026 at a CAGR of 7.1%. Read More

The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from the Multifamily Market Survey (MMS) released by NAHB. Read More

Total existing-home sales decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, according to the National Association of Realtors. Read More

Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Read More