Articles

Personal income increased $35.5 billion, or 0.2 percent at a monthly rate, while consumer spending increased $130.5 billion, or 0.8 percent, in August. Read More

The Pending Home Sales Index (PHSI) increased 8.1% to 119.5 in August, according to the National Association of Realtors. Year-over-year, signings dipped 8.3%. An index of 100 is equal to the level of contract activity in 2001. Read More

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.7% annual gain in July, up from 18.7% in the previous month.  Read More

In spite of the pandemic, the year 2020 saw an initial partial recovery in global tile production and consumption, after 2 years marked by a downturn. World tile consumption climbed to 16,035 million sqm (+2.5%), while world production, which was hindered by temporary plant interruptions in many countries, grew by 1.7% to 16,093 million sqm. Read More

Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise. Sales of newly built, single-family homes in August rose 1.5 percent to a 740,000 seasonally adjusted annual rate from an upwardly revised reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales are up 2.4 percent on a year-to-date basis. Read More

Sales of new single‐family houses in August 2021 were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.5% above the revised July rate of 729,000 but 24.3% below the August 2020 estimate of 977,000. Read More

Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Read More

Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges. Total starts increased 3.9 percent to a seasonally adjusted annual rate of 1.62 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More

Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,615,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced, 3.9% above the revised July estimate of 1,554,000 and 17.4% above the August 2020 rate of 1,376,000.  Read More

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today.  Read More