Economic Indicators Industry Forecasts Industry Statistics

Remodeling market remains stable year-over-year

The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter, posting a reading of 86, which remained unchanged compared to the first quarter of 2021. The finding is a signal of residential remodelers’ confidence in their markets, for projects of all sizes. “Business remains strong for most remodelers at the beginning of 2022,” said NAHB Remodelers chair Kurt Clason, a remodeler from Ossipee, N.H. “However, a few are starting to report that customers are reluctant to move forward on projects due to the delays and higher costs caused by supply chain problems.” Read More

Economic Indicators Industry Forecasts Industry Statistics

Consumer Sentiment Rose 10.6% to 65.7 in Early April on Strong Employment

In early April, consumer sentiment rose 10.6% over March to 65.7, but remains down 25.6% YOY,  according to preliminary results from the University of Michigan Survey of Consumers.  Read More

Economic Indicators Industry Forecasts Industry Statistics

Producer Prices Rose 1.4% in March

The Producer Price Index for final demand increased 1.4% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This rise followed advances of 0.9% in February and 1.2% in January.  Read More

Economic Indicators Industry Forecasts Industry Statistics Published Articles

Investors Continue Homebuying Frenzy, a Boon to Builders

Investors who buy and then rent new homes are fast becoming a favorite customer of the homebuilder industry, reports the Wall Street Journal. Read More

Economic Indicators Industry Forecasts Industry Statistics

Consumer Prices Rose 1.2% in March to 40-Year High

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.2% in March on a seasonally adjusted basis after rising 0.8% in February, the U.S. Bureau of Labor Statistics reported. Read More

Economic Indicators Industry Forecasts Industry Statistics

Housing Affordability Challenges Rising in 2022, Says NAHB

Rising mortgage interest rates, spurred by expected, significant tightening of monetary policy by the Federal Reserve, will aggravate housing affordability challenges in 2022, reports the National Association of Home Builders (NAHB) Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics

U.S. Ceramic Consumption Up Nearly 10% in 2021

Supported by gains in the U.S. construction and housing markets and robust overall economic growth, U.S. ceramic tile consumption increased for the first time since 2018, according to the Tile Council of North America (TCNA). At Coverings 2022, TCNA Executive Director Eric Astrachan reported that total U.S. ceramic tile consumption in 2021 was 3.11 billion sq. ft., up 9.9% from the previous year. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics

Ceramic Imports Declined 9% in First Two Months of 2022

In the first two months of 2022 U.S. ceramic tile imports were down about 9% in square meters vis a vis last year, from 32.5 million square meter to 29.5 million square meter, according to Grosser Consulting. Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics

TCNA releases 2021 US Ceramic Tile Market Update

[Clemson, S.C.] The Tile Council of North America (TCNA) has released the 2021 U.S. Ceramic Tile Market Update. Supported by gains in the U.S. construction and housing markets and robust overall economic growth, U.S. ceramic tile consumption increased for the first time since 2018, TCNA reported. According to the U.S. Dept. of Commerce & Tile Council of North America, total U.S. ceramic tile consumption in 2021 was 3.11 billion square feet, up 9.9 percent from the previous year. Read More

Economic Indicators Industry Forecasts Industry Statistics Published Articles

Millennial Home Buyers Want Larger Homes

As the housing industry celebrates New Homes Month in April, millennials say their housing preferences have changed due to the COVID-19 pandemic. More than a third (36%) of millennials are now in favor of a larger home and home builders are responding to this trend. Read More