Articles

Personal income increased $113.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $32.7 billion, or 0.2 percent, in May. Read More

663 complete surveys from specialty floor covering retailers were received by May 24, 2022. Read More

Real gross domestic product (GDP) decreased at an annual rate of 1.6 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021. The decrease was revised down 0.1 percentage point from the "second" estimate released in May. In the first quarter, there was a resurgence of COVID-19 cases from the Omicron variant and decreases in government pandemic assistance payments. Read More

The annual RēCo Market Intelligence Report has held strong for 19 years. Each year, Floor Covering Weekly commissions third-party research company The Wayman Group to conduct a nationwide survey of retailers. Read More

Home prices made a 20.4% annual gain in April, down from 20.6% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported. Read More

According to Nomdedeu, Spain continues to export its tiles to more than 180 countries around the world, with the USA accounting for 22.9 percent of its exports. Europe, Asia and the Middle East are the three next largest geographic areas. Spain also produced 567 million square meters of tile increasing production 20.3 percent from the previous year, making it the top EU producer, Nomdedeu said. Read More

Sales of new single‐family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, 10.7% above the revised April rate of 629,000 but 5.9% below the May 2021 estimate of 740,000. Read More

Consumer sentiment declined 14.4% in June to 50.0, according to final results from the University of Michigan Survey of Consumers. This represents a 41.5% decline year over year. Read More

After a record-shattering year in 2021, the housing market is at an inflection point, reports Harvard's Joint Center for Housing Studies. Read More

A memorandum of understanding was signed today in Munich, Germany between Confindustria Ceramica, the Italian association of ceramic manufacturers, and BKRI, the German association of producers of raw materials for ceramics and industrial minerals (Bundesverband Keramische Rohstoffe und Industrieminerale). Read More