Articles

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Read More

The Global Luxury Vinyl Tiles Flooring Market size was estimated at USD 21.02 Billion in 2019 and expected to reach USD 23.13 Billion in 2020, at a Compound Annual Growth Rate (CAGR) 10.58% to reach USD 38.45 Billion by 2025. Read More

Amid the COVID-19 crisis, the global market for Flooring estimated at US$ 368.2 Billion in the year 2020, is projected to reach a revised size of US$ 533.9 Billion by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027. Read More

Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released by the National Association of Home Builders (NAHB). During Q2 2021, multifamily construction posted double-digit percentage gains in small metro core and suburban areas, while large metro areas experienced a decrease for multifamily building activity. Read More

The global ceramic and natural stone tiles market size is expected to reach USD 567.61 billion by 2028 growing at a CAGR of 5.8% over the forecast period. Easy installation and availability in a wide range of options in terms of color and dimensions are projected to augment the product demand over the forecast period. Read More

During the second quarter of 2021, multifamily construction posted double-digit percentage gains in small metro core and suburban areas, while large metro areas experienced a decrease for multifamily building activity. Read More

If the labor market still has a long way to go to get back to pre-pandemic levels, why are businesses having so much difficulty finding workers? At the end of this past June, there were over 10 million open unfilled jobs nationally, 3.1 million more than there were in February 2020. Read More

Personal income increased $225.9 billion, or 1.1 percent at a monthly rate, while consumer spending increased $42.2 billion, or 0.3 percent, in July. Compensation increased and new advance Child Tax Credit payments, authorized by the American Rescue Plan, began in July. Read More

Real gross domestic product (GDP) increased at an annual rate of 6.6 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Read More

Sales of newly built, single-family homes rose 1 percent in July to a 708,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This data reflected an expected upward revision to the June new home sales estimate. Read More