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Dodge Momentum Index Declined 5.1% in April to 180.9

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%. Read More

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Fed Raises Interest Rates to 16-Year High

"Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday,” reports the Wall Street Journal. Read More

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Demand for New Single-Family Homes Strong but Supply Short

"Home builders are enjoying stronger-than-expected business this spring, capitalizing on the recent fall in mortgage rates and the shortage of existing homes for sale,” reports the Wall Street Journal. Read More

Ceramic Tile Statistics Competitive Intelligence Press Release Product Research Info Published Articles

2023 Tile Trends on Display at Coverings

2023 isn’t about perfection, but about the human element of designs. When it comes to tile, that means we’ll see more undulated (or gently uneven) surfaces. This handmade look gives the impression that each tile was individually crafted, making for a one-of-a-kind design. Read More

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Mohawk's Posts 6.7% Sales Decline in Q1, Earnings Down 67%

Mohawk reported net sales of $2.8 billion for Q1 2023, a 6.7% decline compared to sales of $3.0 billion in Q1 2022. Read More

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BEA News: Personal Income and Outlays, March 2023

Personal income increased $67.9 billion, or 0.3 percent at a monthly rate, while consumer spending increased $8.2 billion, or less than 0.1 percent, in March. Read More

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BEA News: Gross Domestic Product, First Quarter 2023 (Advance Estimate)

Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023, according to the "advance" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. Read More

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Home Remodeling Market to Contract by 2024

After more than a decade of continuous growth, annual spending on improvements and repairs to owner-occupied homes is expected to decline by early next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that year-over-year expenditures for homeowner improvements and maintenance will post a modest decline of 2.8 percent through the first quarter of 2024. Read More

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Homeowner Remodeling Expected to Decline by 2.8% Through Q1 '24

After more than a decade of continuous growth, annual spending on improvements and repairs to owner-occupied homes is expected to decline by early next year, according to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Read More

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports

U.S. Ceramic Consumption Up Nearly 10% in 2021

Supported by gains in the U.S. construction and housing markets and robust overall economic growth, U.S. ceramic tile consumption increased for the first time since 2018, according to the Tile Council of North America (TCNA). At Coverings 2022, TCNA Executive Director Eric Astrachan reported that total U.S. ceramic tile consumption in 2021 was 3.11 billion sq. ft., up 9.9% from the previous year. Read More