Economic Indicators Industry Forecasts Industry Statistics Stone Statistics

Port-of-Entry

December continues the calming trend for U.S. hard-surface imports, with the $373.9 million in customs value showing a slight increase – 2.2% -- in a year-over-year comparison. The huge annual and monthly drop-offs look to be over. While last December did trail November, the margin was within a seasonal year-end range of less than 3%. Read More

Economic Indicators Industry Forecasts Industry Statistics

Multifamily Confidence Reaches Negative Territory

Confidence in the market for new multifamily housing was in negative territory in the fourth quarter of 2023, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41—below the break-even point of 50—while the Multifamily Occupancy Index (MOI) reading was 77. Read More

Economic Indicators Industry Forecasts Industry Statistics

Home Depots Q3 Sales Down 2.9% YOY, Earnings Down 18%

The Home Depot reported Q4 2023 sales were $34.8 billion, a decline of 2.9% compared to Q4 2022’s $35.8 billion. Comparable sales for Q4 2023 decreased 3.5%, and comparable sales in the U.S. decreased 4.0%. Read More

Economic Indicators Industry Forecasts Industry Statistics

Homeowners Staying in their Homes Twice as Long as in 2005

The typical U.S. homeowner has spent 11.9 years in their home, up from 6.5 years two decades ago, according to Redfin. Homeowner tenure peaked at 13.4 years in 2020, just when the pandemic set off a moving frenzy, and has declined since then. Read More

Economic Indicators Industry Forecasts Industry Statistics

A Speeding Construction Market Hits A Slowdown

Spending on the construction of buildings increased by over 20 percent last year. Some sectors that saw outsized gains included manufacturing (up a whopping 70 percent) due to onshoring and federal funding under the CHIPS and Science Act, lodging (up 20 percent), healthcare (up almost 15 percent), and education (also up almost 15 percent). Read More

Economic Indicators Industry Forecasts Industry Statistics

Census Data Shows Consumers ‘Still Engaged’

Data released by the U.S. Census Bureau today shows that retail sales cooled in January but that households continued to spend, National Retail Federation chief economist Jack Kleinhenz said. Read More

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

Mohawk Sales Declined 1.4% in Q4 2023, Earnings Positive

Mohawk net sales for Q4 2023 were $2.6 billion, a decrease of 1.4% compared to net sales of $2.7 billion in the same period last year. Q4 2023 net earnings were $139 million, an increase of 421% compared to net earnings of $33 million in Q4 2022. Read More

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Ceramic Imports Declined 8.2% YOY in 2023

In 2023, total U.S. imports of ceramic were 185.7 million square meters, a decline of 8.2% from the year 2022 when imports were 202.3 million square meters, according to Grosser Consulting. Read More

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

Floor Coverings Sales Trends

U.S. floor coverings sales could have turned the corner in the fourth quarter of 2023 after seeing declining sales over the first three quarters of the year. Based on monthly data, Catalina estimates U.S. floor covering manufacturer dollar sales (shipments minus exports plus imports) could have increased by 0.7 percent in the fourth quarter, while square foot sales could have risen by 1.9 percent. Read More