Articles
2023 U.S. CERAMIC TILE MARKET UPDATE
The U.S. ceramic tile market contracted for the second straight year in 2023, as the U.S. housing market with which it is closely linked continued to struggle due to high mortgage rates, inflation, and labor shortages. Read More
Home-Buyer Preferences Shift as Challenges Remain
As the housing industry celebrates New Homes Month in April, builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. A National Association of Home Builders (NAHB) analysis found that new homes built in 2023 reached their smallest median size in 13 years. Read More
BEA News: Gross Domestic Product, Fourth Quarter and Year 2023 (Third Estimate), GDP by Industry, and Corporate Profits
Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023, according to the "third" estimate. In the third quarter, real GDP increased 4.9 percent. Read More
Single-Family Housing Sales Up 5.9% YOY in February
Sales of new single‐family houses in February 2024 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.3% below the revised January rate of 664,000 but is 5.9% above the February 2023 estimate of 625,000. Read More