Articles

In 2022, the tile industry remained dedicated to offering durable, high-performing and stylish products that consumers could rely on during the unpredictable year. According to the Catalina Report, U.S. ceramic tile manufacturer sales could have increased by 12.3 percent in dollars over the first three quarters of 2022, with sharp price increases contributing to dollar inroads. Read More

According to new data from Research and Markets, the construction industry in the U.S. is expected to grow by 6.5. percent to reach $1,338,125 million in 2022, and the growth momentum is expected to continue through 2026 with a 5.5 percent compound annual growth rate. The report forecasts that construction output is expected to reach $1,658,038.6 million by 2026, which is largely supported by apartment construction. Read More

While new home sales received a slight bounce in November from moderating mortgage rates, the National Association of Home Builders (NAHB) said the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs and challenging affordability conditions. Read More

Consumer sentiment rose 5.1% to 59.7 in December, according to final results from the University of Michigan Survey of Consumers. Read More

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Personal income increased $80.1 billion, or 0.4 percent at a monthly rate, while consumer spending increased $19.8 billion, or 0.1 percent, in November. Read More

Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2022, in contrast to a decrease of 0.6 percent in the second quarter. The increase in the third quarter primarily reflected increases in exports and consumer spending that were partly offset by a decrease in housing investment. Read More

The resilient category has become a consumer favorite due to its gorgeous visuals, durability and affordability. Its performance attributes and ease of installation serves the needs and demands of both retailers and their customers. Read More

The U.S. terrazzo market is expected to reach USD 13.47 billion by 2030, registering a CAGR of 5.6% from 2022 to 2030. Increasing demand for residential and commercial construction sectors on account of its high-performance characteristics such impact resistance, high durability, and negligible bacteria growth are expected to drive the market growth. Read More

Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,427,000, 0.5% below the revised October estimate of 1,434,000 and 16.4% below the November 2021 rate of 1,706,000, according to the U.S. Census Bureau. Read More

An estimated 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the top real estate market to watch in 2023 and beyond, forecasts Lawrence Yun, NAR chief economist and senior vice president of research. Read More