Economic Indicators Industry Forecasts Industry Statistics Published Articles

2022 State of the Wood Flooring Industry

The following data present a unique snapshot into the wood flooring industry: In early 2022, WFB collected responses from wood flooring manufacturers, distributors, retailers and contractors to find out how they did in 2021, what products are being used and how they feel about challenges in the industry. Note that just as we were finishing collecting responses, Russia invaded Ukraine, so any influence of that is not reflected in the following data.—K.M.W. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Published Articles Reports Stone Statistics

Kitchen & Bath remain strong despite rising prices

Catalina Research has released its latest Kitchen and Bath Quarterly Update. According to the report, U.S. kitchen and bath product sales (shipments minus exports plus imports) showed relatively strong current dollar sales gains as manufacturers passed through rising material, labor and transportation costs. Read More

Economic Indicators Industry Forecasts Published Articles

Crushed-Glass Slabs Remain in China Quartz Tariff

Slabs made with glass-type sands will remain under the U.S. unfair-trade tariffs on quartz surfaces from China following an April 25 federal court ruling. Read More

Economic Indicators Industry Forecasts Industry Statistics

March Construction Spending Rose 0.1% from Feb., 11.7% YOY

Construction spending during March 2022 was estimated at a seasonally adjusted annual rate of $1,730.5 billion, 0.1% above the revised February estimate of $1,728.6 billion, according to the U.S. Census Bureau, and 11.7% above the March 2021 estimate of $1,548.6 billion. Read More

Economic Indicators Industry Forecasts Industry Statistics

BEA News: Personal Income and Outlays, March 2022

Personal income increased $107.2 billion, or 0.5 percent at a monthly rate, while consumer spending increased $185.0 billion, or 1.1 percent, in March. Read More

Economic Indicators Industry Forecasts Industry Statistics Press Release Published Articles

Mohawk's Q1 Sales Up 13%, Earnings Up 3%

Mohawk Industries announced net sales Q1 2022 were $3.0 billion, an increase of 13.0% over 2021’s Q1 $2.7 billion. Read More

Economic Indicators Industry Forecasts Industry Statistics

Commercial construction up despite uncertainties

While the residential sector has performed well during the pandemic, the commercial markets have suffered. Remote work has limited the need for office space. Online buying has cut into traditional brick and mortar retail activity. Reduced travel has decreased consumer spending in the hospitality and lodging markets. The U.S. Commerce Department reported that spending on commercial and industrial facilities declined almost 5 percent in 2020, and another 2 percent last year. Read More

Economic Indicators Industry Forecasts Industry Statistics

BEA News: Gross Domestic Product, First Quarter 2022 (Advance Estimate)

Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022, following an increase of 6.9 percent in the fourth quarter of 2021. Read More

Economic Indicators Industry Forecasts Industry Statistics

Lack of affordability slows new home sales

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March. Sales of newly built, single-family homes in March fell 8.6 percent to a 763,000 seasonally adjusted annual rate from an upwardly revised reading in February, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. New home sales are down 12.6 percent compared to March 2021. Read More

Economic Indicators Industry Forecasts Industry Statistics

New Home Sales Declined 8.6% in March

Sales of new single‐family houses in March 2022 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 8.6% below the revised February rate of 835,000 and 12.6% below the March 2021 estimate of 873,000. Read More