Articles

The global resilient flooring market size is expected to reach USD 67.7 billion by 2028. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028. Product benefits including cost efficiency, lower maintenance, and improved aesthetics are anticipated to drive the demand for resilient floorings over the forecast period. Read More

Homeowners are making room in their renovation budgets to prioritize kitchen countertops, according to the 2022 U.S. Houzz Kitchen Trends Study. The survey of nearly 2,400 U.S. homeowners using Houzz who are in the midst of, are planning, or recently completed a kitchen renovation, found that more than one-third of homeowners reportedly splurged on countertops (35 percent). The most common feature improved during kitchen renovations, countertops were upgraded by more than nine in 10 homeowners (91 percent).  Read More

Catalina Research has released its latest Floor Coverings Industry Quarterly Update that includes ceramic porcelain tile, natural stone, glass tile, LVT, Laminates, Carpet, and Wood Flooring. According to the report, U.S. floor coverings sales remained strong in dollars in the fourth quarter of 2021 as price increases strengthened. Read More

U.S. inflation closed out 2021 at its highest level since 1982 as robust consumer demand exacerbated pandemic-related supply shortages, reports the Wall Street Journal. Read More

For the first 11 months of 2021, total ceramic tile imports rose 23.1% in dollars and 15.3% in quantity, reports Grosser Consulting.  Read More

MSI maintained that the determination of producers of quartz surfaces should include fabricators, citing that they “perform an essentially operation in the QSP (quartz-surface product) production process, increasing the value of slabs by 35-40 percent.” MSI also noted other areas where Commerce appeared to be inconsistent in its definition of producers, including in its 2018 investigation concerning Chinese quartz-surfaces. Read More

Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November. From a year-over-year perspective, only one region experienced a rise in sales as the three others saw home sales decline. Read More

"There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices," said Lawrence Yun, NAR's chief economist. "While I expect neither a price reduction, nor another year of record-pace price gains, the market will see more inventory in 2022 and that will help some consumers with affordability." Read More

Construction spending during November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau.  Read More

Construction employment increased in 237 or 66 percent of 358 metro areas over the last 12 months. Read More