Articles

Using the 2021 American Housing Survey (AHS), NAHB investigated the characteristics of recent homebuyers-defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted-in a new special study. According to this criterion, roughly 10.2 million households recently bought and moved to a new home. Read More

The 40th Cersaie, the International Exhibition of Ceramic Tile and Bathroom Furnishings held in the Bologna exhibition center from September 25 to 29, registered 99,319 visitors over the five days of the show, an increase of 8.8% compared to last year’s edition. Read More

Consumer sentiment declined 2.0% to 68.1 in September, according to final results from the University of Michigan Survey of Consumers. Read More

Personal income increased $87.6 billion (0.4 percent at a monthly rate) in August. Disposable personal income (DPI)—personal income less personal current taxes— increased $46.6 billion (0.2 percent). Read More

Truist reported that renovation spending weakened in Q2 2023 as expected, and, so far, there has been no sign of a pickup. Read More

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the second quarter of 2023, according to the “third” estimate. Read More

Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Read More

Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000, 11.3% below the revised July estimate of 1,447,000 and 14.8% below the August 2022 rate of 1,505,000, according to the U.S. Census Bureau. Read More

Flooring suppliers are truly taking their global sourcing operations worldwide. As the Uyghur Forced Labor Prevention Act (UFLPA) continues to cause massive disruptions to the importation of flooring products, particularly the most popular segment, luxury vinyl tile (LVT), manufacturers are proactively searching for new sourcing alternatives, spanning the globe from India to Mexico. In addition, many are significantly expanding their U.S. manufacturing operations. Read More

Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This follows a six-point drop in August. Read More