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Dec. Housing Starts Declined 4.3% from Nov., But Rose 7.6% YOY

Privately‐owned housing starts in December were at a seasonally adjusted annual rate of 1,460,000, 4.3% below the revised November estimate of 1,525,000 but 7.6% above the December 2022 rate of 1,357,000, according to the U.S. Census Bureau. Single‐family housing starts in December were at a rate of 1,027,000; this is 8.6% below the revised November figure of 1,124,000. The December rate for units in buildings with five units or more was 417,000. Read More

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Housing Market in Recovery Mode, Says ITR's Lokar

The housing market hit a recession in mid-2022 and has already started to recover, said Connor Lokar of ITR Economics, during his talk to CCA Global members at the group’s ConnecXtion conference in Dallas, Texas. Read More

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Builder Confidence Climbed 7 Points to 44 in January

Builder confidence in the market for newly built single-family homes climbed seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read More

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Freight Costs from China to Europe Rise Due to Red Sea Turmoil

Freight rates for containers from China to Europe are up thee times due to turmoil in the Red Sea, reports Container xChange. Read More

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U.S. Ceramic Imports Declined 9.5% YOY in First 11 Months of 2023

In the first eleven months of 2023, total U.S. imports of ceramic tile were 170.8 million square meters, a decline of 9.5% from the same period in 2022 when imports were 188.7 million square meters, according to Grosser Consulting. Read More

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The Many “Ifs” Leading to Floor Sales Recovery

Signs are pointing to the beginning of a U.S. floor coverings sales recovery. Catalina Research estimates U.S. square foot sales is projected to increase by 2.5 percent in the first quarter of 2024. Read More

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The International Impact of Tile

Tile is truly a global flooring product. With so many vendors exploring fashion and technology, innovation in both look and composition enables a large scale appetite for the various new products from all around the world. Thanks to this continuing globalization, tile’s market reach is one that extends worldwide and remains robust and diversified. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports

Tile’s Unwavering Ship Amid an Uncertain Economy

Tile companies are still reporting growth amidst lower category performance, thanks to strong business plans and product offerings, helping tile steer its way though economic hazards. Read More

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Nov. New Home Sales Down 12.2% from Oct., But Up 1.4% YOY

Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 12.2% below the revised October rate of 672,000 but 1.4% above the November 2022 estimate of 582,000. Read More

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Consumer Sentiment Rose 13.7% in December

Consumer sentiment rose 13.7% in December to 69.7, according to final results from the University of Michigan Survey of Consumers. This represents a 16.6% increase year over year. Read More