Articles
Ceramic World Review updates the rankings of the world’s top 25 ceramic tile groups
Ceramic World Review has updated the figures for the world’s top 25 ceramic tile groups (as for production volumes) in 2019. Respect to the previous year, the positions of the three largest tile producers remain unchanged. Read More
BEA News: Gross Domestic Product, 3rd Quarter 2020 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, as efforts continued to reopen businesses and resume activities that were postponed or restricted due to COVID-19. In the second quarter of 2020, real GDP decreased 31.4 percent. Read More
September new home sales pause after strong Summer
Sales of newly built, single-family homes in September fell 3.5 percent to 959,000 from a downwardly revised August number, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the monthly decline, the September rate is 32.1 percent higher than the September 2019 pace, and on a year-to-date basis, new home sales are up 16.9 percent in 2020. Read More
Single-Family construction continues climb
Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units, according to a report from according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More
Builder confidence continues record climb
"Traffic remains high and record-low interest rates are keeping demand strong as the concept of 'home' has taken on renewed importance for work, study and other purposes in the Covid era," said NAHB chairman Chuck Fowke, a custom home builder from Tampa, Fla. "However, it is becoming increasingly challenging to build affordable homes as shortages of lots, labor, lumber and other key building materials are lengthening construction times." Read More
Remodeling Industry Confidence Surges in Third Quarter
"With refinancing activity surging, home owners are investing in their homes, which is sustaining strong demand for remodeling," said NAHB Remodelers Chair Tom Ashley, Jr., CAPS, CGP, CGR, a remodeler from Denham Springs, La. "As a result of the rapid changes for work and the economy after the virus-induced recession, homes are serving multiple roles such as school, office and gym. This has directly increased the demand for improvements." Read More
The Main Street Recession
All economic recessions have distinguishing characteristics. For some, it is rampant inflation. For others it is a collapse of a sector of the economy — technology, banking, real estate or basic manufacturing are recent examples. Even with the variation that we have seen in recent recessions, this pandemic-induced downturn is unique among several dimensions. Probably what is most unique is that some businesses have seen devastating losses, while others are largely unaffected or even seeing unexpected growth. Read More