Articles
Builder Confidence Jumps Five Points to 50 in May
Builder confidence in the market for newly built single-family homes in May rose five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This marks the fifth straight month that builder confidence has increased and is the first time that sentiment levels have reached the midpoint mark of 50 since July 2022. Read More
Construction Employment Rose by 253,000 Jobs in April
The Bureau of Labor Statistics reported that hiring in the U.S. unexpectedly picked up last month, with employers adding 253,000 (seasonally adjusted) jobs, up from a revised 165,000 in March, reports the Dodge Data & Analytics. The nation’s unemployment rate edged down to 3.4% in April, from 3.5% a month earlier and 3.6% in February, representing the lowest jobless rate since January. Read More
Q1 2023 Ceramic Imports Declined 4.6% in Units YOY
In the first three months of 2023, total U.S. imports of ceramic tile were 44.8 million square meters, according to Grosser Consulting, a 4.6% decline compared to the same period in 2022. Read More
Floor & Décor Sales Rose 9.1% in Q1, Earnings Up 0.8%
Floor & Décor reported a net sales increase of 9.1% to $1,122.1 million in Q1 2023, compared to $1,028.7 million in Q1 2022. Read More
LL Flooring Sales Declined 13.7% in Q1
LL Flooring reported net sales of $240.7 million for Q1 2023, a 13.7% decline compared to Q1 2022’s $279 million, driven by lower spending by consumers versus last year combined with a decline in Pro sales. Read More
Dodge Momentum Index Declined 5.1% in April to 180.9
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%. Read More