Articles
U.S.-China Trade On the Rise, As Flooring Imports from China Decline
Despite security concerns, U.S. commerce with China is on the rise, reports the Wall Street Journal. However, flooring imports from the country have been in decline, says analyst Santo Torcivia of Market Insights. Read More
TILE OF SPAIN PRESENTS: CERAMIC COLOR TRENDS OF 2023
Ceramic tiles offer a myriad of technical properties that make it the ideal cladding material for virtually any surface in both architectural and interior design projects. As the production techniques continuously evolve, Spanish manufactures are crafting new collections with enhanced features to strengthen the durability, ease of installation, resistance to abrasion and hygienic capabilities of each piece. Read More
Survey Shows Interest Rates and Uncertain Economy Weakens Outlook for Most Market Sectors
The Winter 2023 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey released today shows that commercial real estate developers, owners, and investors have reverted to a less-than-confident outlook on the office sector as rental and occupancy rates continue to weaken. Read More
Colors to Create Calming Interiors
During the last few years, we’ve discovered that colors can bring us emotional respite in times of trouble. Calming tones helped us get through the darkest days of the pandemic and continue to offer solace in these uncertain times. In 2022, for example, we sought comfort from a variety of earthy tones, along with energy from a few brighter hues. Read More
Homebuyer Preferences Continue to Shift Post-Covid
Homebuyer preferences have continued to shift home building trends in the wake of Covid-19. Following a brief uptick in new home sizes in 2021, the average size of a new home dropped slightly from 2,525 square feet to 2,480 square feet in 2022, and the percentage of new homes with 3+ full bathrooms and 3+ car garages dipped to 33% and 17%, respectively. Read More
Multifamily Housing Market Will Weaken in 2023
Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023. Read More
A Housing Downturn in 2023 Followed by a Recovery in 2024
The housing recession that began in 2022 will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry and are expected to push the overall economy into a mild recession this year. However, the second half of 2023 could lead to a turning point for housing and the economy. Read More
Multifamily Starts Predicted to Slow From High Production Levels in '23
Multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will do better than the single-family and multifamily markets in 2023. Read More
Recession watch: Why the next one will be different
Almost all economists and contractors expect some sort of an economic slowdown this year. Some have even baked a recession into their current forecasts. But the unanswered question on many observers’ minds remains how this downturn will be different. Read More