Articles

Builder confidence in the market for newly built single-family homes in June rose five points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This marks the sixth straight month that builder confidence has increased and is the first time that sentiment levels have surpassed the midpoint of 50 since July 2022. Read More

Construction input prices posted a 0.6% decline in May, marking the third consecutive month of reduced costs, while nonresidential construction input prices dropped 0.5%, according to new Associated Builders and Contractors analysis. Read More

"Apartment rent growth is declining fast, shifting the rental market to the tenant’s favor for the first time in years,” reports the Wall Street Journal. Read More

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in May on a seasonally adjusted basis, after increasing 0.4% in April, the U.S. Bureau of Labor Statistics reported. Read More

In the first four months of 2023, total U.S. imports of ceramic tile were 58.3 million square meters, a decline of 5.7% from the same period in 2022 when imports were 61.7 million square meters, according to Grosser Consulting. Read More

The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors and Realtor.com. The country's persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. Read More

Aging Population Creates Opportunities Wednesday, June 7, 2023 from Floor Covering Weekly By Sharyn Bernard Shaw’s Redefined Luxury is ideal for use in luxury… Read More

While single-family home building has slowed significantly from pandemic-fueled highs because of higher interest rates and construction costs, the slowdown is less pronounced in lower density markets. Meanwhile, multifamily market growth remained strong throughout much of the nation, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the first quarter of 2023. Read More

The commercial flooring market has had a strong year and is poised to continue its growth path at least through the next year as companies, governments, education and healthcare institutions proceed with projects in their pipelines. Read More

Commercial construction and real estate have undergone significant transformation over the past three years. While construction levels in this sector are very healthy at present and demand for commercial space overall is strong, the composition of activity in this sector has changed dramatically. Read More