Articles

Mohawk Industries, Inc. announced today that it has entered into an agreement to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for approximately $293 million in cash. Read More

The count of open construction jobs jumped to a record-high 449,000 unfilled positions in April, according to the Job Openings and Labor Turnover Survey data from the Bureau of Labor Statistics. This is the highest measure in the history of the data series, which dates back to late 2000. Read More

Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6%, the U.S. Bureau of Labor Statistics reported. Read More

Nonfarm business sector labor productivity decreased 7.3% in Q1 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 2.3% and hours worked increased 5.4%. Read More

Construction spending during April 2022 was estimated at a seasonally adjusted annual rate of $1,744.8 billion, 0.2% above the revised March estimate of $1,740.6 billion. Read More

Home prices made a 20.6% annual gain in March, up from 20.0% in the previous month, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported. Read More

Despite these difficulties, business outlook remains strong, with 64% anticipating their revenue will increase in the year ahead. Read More

Personal income increased $89.3 billion, or 0.4 percent at a monthly rate, while consumer spending increased $152.3 billion, or 0.9 percent, in April. Read More

Consumer sentiment fell 10.4% in May to 58.4, according to final results from the University of Michigan Survey of Consumers. Read More

Consumer spending on home grew 20 percent in 2021 over 2020, which followed an 8 percent advance in 2020 over 2019. While 2020 growth didn’t come close to the unprecedented increase in 2021, it was still double the average 4 percent year-over-year advance tracked from 2010 after the recovery from the last recession. Read More