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

The homebuilding industry has been one of the strongest sectors in our economy this year. Housing starts should total almost 1.6 million units nationally, with more than 1.1 million single-family homes, which would make it the best year for the industry since 2006. The top five metro housing markets this year likely will be Houston, Dallas, Phoenix, Atlanta and Austin, each contributing well over 20,000 new single-family homes to the market.  Read More

“This has been a solid year for the tile category,” shared Crossville president Greg Mather. “I would expect the category to be up low double digits. A big part of this is fueled by Q2 comparisons versus the heart of lockdowns in 2020, but even into Q3 and Q4, we are seeing pretty solid levels of demand.” Read More

New Home Sales Rose 12.4% in November December 23, 2021 from Floor Focus FloorDaily.net News Washington, DC, December 23, 2021 – Sales of new single‐family… Read More

Personal income increased $90.4 billion, or 0.4 percent at a monthly rate, while consumer spending increased $104.7 billion, or 0.6 percent, in November. The increase in personal income primarily reflected increases in compensation of employees and government social benefits. Read More

Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the third quarter of 2021, following an increase of 6.7 percent in the second quarter. Read More

“Construction activity has picked up in recent months but still has not reached the employment levels of early last year in most of the country during what has become a very tight labor market,” said Ken Simonson, the association’s chief economist. “If contractors had found enough qualified workers, more states would have recovered fully by now from the pandemic-induced job losses,” he added, noting that job openings at the end of October exceeded the number of workers hired into the industry that month. Read More

Single-family and multifamily housing production accelerated in November, due to strong demand for new construction. Overall housing starts increased 11.8% to a seasonally adjusted annual rate of 1.68 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More

U.S. economic output is set to expand by more than 7% annualized in the final three months of the year, up from about 2% in the previous quarter, according to early output estimates published by the Federal Reserve Bank of Atlanta. That compares with expected annualized growth of about 2% in the eurozone and 4% in China for the fourth quarter, according to JPMorgan Chase. Read More

The 2021 preliminary results compiled by Prometeia based on sector data show Italian ceramic tile industry total sales volumes of around 458 million sqm (+12% on 2019), exports of around 367 million sqm (+13% on 2019 and +15% on 2020) and domestic sales of more than 91 million sqm (+9%), the latter returning to growth after a 20-year decline. The growth in exports involves virtually all the main international markets, with the strongest performances in the United States, Germany, Belgium and the Netherlands. Read More