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Multifamily Housing Confidence Mixed in Q4 2024

Confidence in the market for new multifamily housing reflected mixed results year-over-year in the fourth quarter, according to the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). Read More

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Ceramic Imports Down 3% by Dollar Value in 2024

otal U.S. imports of ceramic tile in the year 2024 were 179.3 million square meters, a decline of 3.4% from the year 2023 when imports were 185.6 million square meters, according to Grosser Consulting. By dollar value, total imports were $1.953 million (-3.0%). Read More

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Ceramic Imports Declined in 2024, Vinyl Imports Rose

In 2024, ceramic imports were down for the third consecutive year, while vinyl flooring imports increased though share gain seemed to be slowing, reports Truist. Read More

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Kitchen & Bath Product Industry Quarterly Report

Kitchen and bath product manufacturer sales (domestic shipments plus imports minus exports) weakened again in the fourth quarter of 2024 after turning upward in the previous quarter, according to the Catalina Research report. In the fourth quarter, sales were hurt by rising mortgage rates after declining over the previous three months. Rising rates turned consumers cautious, leading to inventory accumulation at distributors and dealers. Read More

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Builder Compiles Top Residential Design Predictions for 2025

o see what’s in store for 2025, Builder Magazine analyzed several residential design predictions from sources including the National Kitchen & Bath Association (NKBA), the American Society of Interior Designers (ASID), Taylor Morrison, Houzz, Zillow, and Fixr. Read More

Economic Indicators Industry Forecasts Industry Statistics

Construction Employment Rose by 4,000 Jobs in January

The construction industry added 4,000 jobs on net in January, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 178,000 jobs, an increase of 2.2%. Read More

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Consumer Sentiment Down 4.6% in Early February

Consumer sentiment declined 4.6% to 67.8 in early February, according to preliminary results from the University of Michigan Survey of Consumers. This represents an 11.8% decline year over year. Read More

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Tariffs Loom

According to CNBC, President Trump has agreed to pause tariffs on imports from Canada for at least 30 days. Hours prior, Trump stated that tariffs on imports from Mexico would be paused for one month. The pauses on tariffs comes after all countries involved came to an agreement on preventing the trafficking of the opioid fentanyl into the U.S. Duties on Canada, Mexico & China weigh on business Read More

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Construction Industry Declined by 55,000 in December

The construction industry had 217,000 job openings on the last day of December 2024, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. Read More