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Floor & Décor Q1 Sales Down 2.2%, Income Down 30%

Floor & Décor reported net sales of $1,097.3 million for Q1 2024, a decline of 2.2% from $1,122.1 million in Q1 2023. Comparable store sales decreased 11.6%. Read More

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US ceramic tile manufacturers petition anti-dumping and countervailing duties on Indian Imports

As TCNA Tile Council of North America communicated, “the 9 U.S. ceramic tile manufacturers which form the Coalition for Fair Trade in Ceramic Tile (representing 90% of US tile production), have filed anti-dumping and countervailing duty petitions with the Federal Government seeking the imposition of substantial tariffs on imports of ceramic tile from India to remedy unfairly low-priced imports that have injured domestic manufacturers and flooded the market with uncertified porcelain tiles”. Read More

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BEA News: Personal Income and Outlays, March 2024

Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March. Disposable personal income (DPI)—personal income less personal current taxes—increased $104.0 billion (0.5 percent). Read More

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Catalina Kitchen and Bath Quarterly Update

U.S. kitchen and bath product manufacturer sales turned the corner in the first quarter of 2024 after hitting bottom in the fourth quarter of 2023. The rebound, however, was weak since homeowner kitchen and bathroom renovations remain sluggish. Read More

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Architecture Billings Index Declined to 43.6 in March

Business conditions at architecture firms softened in March, as the AIA/Deltek Architecture Billings Index (ABI) score declined to 43.6 for the month. Read More

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BEA News: Gross Domestic Product, First Quarter 2024 (Advance Estimate)

Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024, according to the “advance” estimate. In the fourth quarter of 2023, real GDP increased 3.4 percent. Read More

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Home Sales Post Gain Despite Higher Mortgage Rates

Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7 percent this month, which is expected to moderate sales and increase the use of builder sales incentives this spring, according to the National Association of Home Builders (NAHB). Read More

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At the end of Q1, there were 6,065 projects with 702,990 rooms in the pipeline, according to the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE). This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year. Read More

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

U.S. Ceramic Consumption Declined 7.3% in 2023

U.S. ceramic tile consumption in 2023 was 2.85 billion square feet, down 7.3% from the previous year, according to the Tile Council of North America. Revenue in dollars declined 8.1%. Read More