Articles

Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. Read More

The flooring market was valued at US$ 412.66 billion in 2021 and is projected to reach US$ 619.83 billion by 2028. Different flooring materials include wood, laminates, vinyl sheets and tiles, ceramic tiles, and stone. Tiles are one of the most versatile floor types that can give a more personalized look to any space. There are various flooring options in tiles, such as porcelain tiles, glass tiles, vitrified tiles, luxury vinyl tiles, ceramic tiles, marble tiles, and granite tiles. Read More

Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. Read More

Sales of new single‐family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, 12.6% below the revised June rate of 585,000 and is 29.6% below the July 2021 estimate of 726,000. Read More

In the week ending August 13, the advance figure for seasonally adjusted initial claims was 250,000, a decrease of 2,000 from the previous week's revised level, according to the Department of Labor. Read More

The price of materials and services used in nonresidential construction fell 1.3% in July, while contractors’ bid prices rose 5.4%, according to an analysis by the Associated General Contractors of America of government data. Read More

The global hardwood flooring market size reached US$ 45.4 Billion in 2021. The market is expected to reach US$ 59.1 Billion by 2027, exhibiting a CAGR of 4.49% during 2021-2027. Read More

Advance estimates of U.S. retail and food services sales for July 2022 were $682.8 billion, virtually unchanged from the previous month but 10.3% above July 2021, according to the U.S. Census Bureau. Read More

Lowe's reported net sales of $27.5 million for Q2 2022, a .3% decline compared to sales of $27.6 million in Q2 2021. Read More

The Home Depot reported sales of $43.8 billion for the second quarter of fiscal 2022, an increase of $2.7 billion or 6.5% year-over-year. Read More