Articles
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
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
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
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
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