Articles

Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market, according to The National Association of Home Builders (NAHB). For the first time since June 2020, both single-family starts and permits fell below a 1 million annual pace. Read More

he National Kitchen & Bath Association (NKBA) has released its midyear 2022 Kitchen & Bath Market Outlook. While both inflation and mortgage rate increases have impacted the segment, the overall annual forecast still represents a double-digit increase over 2021. Read More

“About 3 in 5 homeowners (61 percent) did home improvement projects since March 1, 2020, according to an August 2020 NerdWallet Survey. In 2021, 77 percent of those surveyed were motivated to take on a DIY project to increase the future sale value of their homes, according to an Angi survey of 1,000 U.S. homeowners on the DIY home improvements they made during the pandemic, how much they spent and their successes and failures,” Sommer shared. Read More

Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence in the market for newly built single-family homes posted its seventh straight monthly decline in July, falling 12 points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This marks the lowest HMI reading since May 2020 and the largest single-month drop in the history of the HMI, except for the 42-point drop in April 2020. Read More

Builder confidence in the market for newly built single-family homes posted its seventh straight monthly decline in July, falling 12 points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read More

The floor covering industry is depends on various general economic conditions, such as consumer confidence, income and spending, corporate and government spending, interest rate levels, availability of credit and demand for housing. Increasing new construction facilities, surging demand of residential buildings, commercial amenities and healthcare facilities are likely to drive the growth of the market. According to the report title, “Global Flooring Market Outlook, 2027” the market was value at around USD 340 Billion in 2021 and it is anticipated to grow with the CAGR of 6.18% from 2022 to 2027. Read More

Consumer sentiment rose 2.2% to 51.1 in early July, according to results from the University of Michigan Survey of Consumers. This represents a 37.1% decline year over year. Read More

The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 77, declining ten points compared to the second quarter of 2021. Read More

In the month of May, Italy jumped to first place in ceramic tile imports with 3.4 million square meters, followed by Spain 2.9 million square meters, Mexico 2.7 million square meters, India 2.46 million square meters, Turkey 2.4 million square meters and Brazil 1.8 million square meters, reports Grosser Consulting. Total imports for the month were 17.9 million square meters, the highest month so far for this year. Read More

Consumers demand a seamless and simple journey. Once complicated by the stark contrast of what was presented online and what was in store, web-based and brick-and-mortar, when done right, can allow the consumer to research and select the product that fits both their need and personal style in a truly aligned and easy way. Today, that journey is being influenced by opposing forces further complicating the process of engaging and capturing the consumer’s attention and dollars. Read More