Articles

In the months January to April 2022, U.S. ceramic tile imports were down 7.0% in square meters year over year, from 66.5 million square meter to 61.9 million square meter, according to Grosser Consulting. While imports in quantity were down in this period, values were up. Read More

Consumer sentiment slid 14% to 50.2 in early June, according to preliminary results from the University of Michigan Survey of Consumers. Read More

The World Bank forecasts the economy to grow at a rate of 2.5% in 2022, reports the Wall Street Journal. Read More

New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family construction growth in small and large metro urban, suburban and rural regional submarkets slowed in the first quarter of 2022 compared to the same time period as last year, with notable deceleration in large suburban markets. In contrast, multifamily growth in large population centers has rebounded from negative growth rates and posted sharp gains during the same time period. Read More

Mohawk Industries, Inc. announced today that it has entered into an agreement to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for approximately $293 million in cash. Read More

The count of open construction jobs jumped to a record-high 449,000 unfilled positions in April, according to the Job Openings and Labor Turnover Survey data from the Bureau of Labor Statistics. This is the highest measure in the history of the data series, which dates back to late 2000. Read More

Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6%, the U.S. Bureau of Labor Statistics reported. Read More

Nonfarm business sector labor productivity decreased 7.3% in Q1 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 2.3% and hours worked increased 5.4%. Read More

Construction spending during April 2022 was estimated at a seasonally adjusted annual rate of $1,744.8 billion, 0.2% above the revised March estimate of $1,740.6 billion. Read More

Home prices made a 20.6% annual gain in March, up from 20.0% 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