Articles

While single-family home building has slowed significantly from pandemic-fueled highs because of higher interest rates and construction costs, the slowdown is less pronounced in lower density markets. Meanwhile, multifamily market growth remained strong throughout much of the nation, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the first quarter of 2023. Read More

The commercial flooring market has had a strong year and is poised to continue its growth path at least through the next year as companies, governments, education and healthcare institutions proceed with projects in their pipelines. Read More

Commercial construction and real estate have undergone significant transformation over the past three years. While construction levels in this sector are very healthy at present and demand for commercial space overall is strong, the composition of activity in this sector has changed dramatically. Read More

Residential new construction contracted significantly on the heels of the interest rate increases that hit mortgages in 2022, reports Truist. Read More

The North America wood flooring market size is expected to reach USD 8.95 billion by 2030, expanding at a CAGR of 2.4% during the forecast period. This growth can be attributed to Increasing demand for aesthetically, superior and durable floor covering solutions, and consumer trends in floor design. Read More

More Americans are turning to new home construction as existing inventory remains low and mortgage rates begin to stabilize, reports the National Association of Home Builders (NAHB). Sales of newly built, single-family homes increased in April, reaching the highest level since March 2022. Read More

Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7%, the U.S. Bureau of Labor Statistics reported. Read More

At the 2023 edition of Coverings, the largest international ceramic tile event in North America, over 60 premier Italian brands showcased their latest tile and installation products to the market in the Ceramics of Italy Pavilion. Demonstrating the versatility and beauty of Italian tile, the following trends summarize this season’s top trends in color, design and application. Read More

Personal income increased $80.1 billion (0.4 percent at a monthly rate) in April. Disposable personal income (DPI) increased $79.4 billion (0.4 percent). Personal outlays increased $156.0 billion (0.8 percent) and consumer spending increased $151.7 billion (0.8 percent). Read More

Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023, according to the “second” estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. Read More