Articles
Housing Affordability Continued to Improve in August
Compared to one year ago, affordability declined in August as the median family income rose by 3.9% while the monthly mortgage payment increased 13.9%. The effective 30-year fixed mortgage rate was 2.89% this August compared to 3.00% one year ago, and the median existing-home sales price rose 15.6% from one year ago. Read More
Consumer Spending Accelerated in August
Personal income increased $35.5 billion (0.2%) in August, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $18.9 billion (0.1%), and personal consumption expenditures (PCE) increased $130.5 billion (0.8%). Read More
Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2021
Gross Domestic Product, (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2021 The U.S. Bureau of Economic Analysis (BEA) has issued the following news… Read More
World production and consumption of ceramic tiles 2021
In spite of the pandemic, the year 2020 saw an initial partial recovery in global tile production and consumption, after 2 years marked by a downturn. World tile consumption climbed to 16,035 million sqm (+2.5%), while world production, which was hindered by temporary plant interruptions in many countries, grew by 1.7% to 16,093 million sqm. Read More
New home sales edge higher in August
Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise. Sales of newly built, single-family homes in August rose 1.5 percent to a 740,000 seasonally adjusted annual rate from an upwardly revised reading in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales are up 2.4 percent on a year-to-date basis. Read More