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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

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Construction Spending Flat at $1.6B in August

Construction spending during August 2021 was estimated at a seasonally adjusted annual rate of $1,584.1 billion, virtually unchanged from the revised July estimate of $1,584.0 billion, according to the U.S. Census Bureau.  Read More

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Consumer Sentiment Rose 3.6% in September

Consumer sentiment rose 3.6% to 72.8 in September from August's 70.3 rate, according to final results from the University of Michigan Survey of Consumers.  This represents a 9.5% decline year over year. Read More

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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

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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

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BEA News: Personal Income and Outlays, August 2021

Personal income increased $35.5 billion, or 0.2 percent at a monthly rate, while consumer spending increased $130.5 billion, or 0.8 percent, in August. Read More

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Pending Home Sales Rose 8.1% in August

The Pending Home Sales Index (PHSI) increased 8.1% to 119.5 in August, according to the National Association of Realtors. Year-over-year, signings dipped 8.3%. An index of 100 is equal to the level of contract activity in 2001. Read More

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Home Prices Rose 19.7% in July, Says Case-Shiller

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.7% annual gain in July, up from 18.7% in the previous month.  Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Reports

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

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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