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Inflation Hit Highest Pace in 39 Years at Close of 2021

U.S. inflation closed out 2021 at its highest level since 1982 as robust consumer demand exacerbated pandemic-related supply shortages, reports the Wall Street Journal. Read More

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Ceramic Imports Rose 23.1% in First 11 Months of '21

For the first 11 months of 2021, total ceramic tile imports rose 23.1% in dollars and 15.3% in quantity, reports Grosser Consulting.  Read More

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U.S. Tariff Rulings on Appeal

MSI maintained that the determination of producers of quartz surfaces should include fabricators, citing that they “perform an essentially operation in the QSP (quartz-surface product) production process, increasing the value of slabs by 35-40 percent.” MSI also noted other areas where Commerce appeared to be inconsistent in its definition of producers, including in its 2018 investigation concerning Chinese quartz-surfaces. Read More

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November Existing-Home Sales Rise, Median Price Increases Across All Regions

Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November. From a year-over-year perspective, only one region experienced a rise in sales as the three others saw home sales decline. Read More

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Pending Home Sales Down in November Amid High Housing Demand

"There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices," said Lawrence Yun, NAR's chief economist. "While I expect neither a price reduction, nor another year of record-pace price gains, the market will see more inventory in 2022 and that will help some consumers with affordability." Read More

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Construction Spending Rose 0.4% in November

Construction spending during November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau.  Read More

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Construction Rises in Two Out of Three US Metro Areas

Construction employment increased in 237 or 66 percent of 358 metro areas over the last 12 months. Read More

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Housing surge drives affordability that can’t last

The homebuilding industry has been one of the strongest sectors in our economy this year. Housing starts should total almost 1.6 million units nationally, with more than 1.1 million single-family homes, which would make it the best year for the industry since 2006. The top five metro housing markets this year likely will be Houston, Dallas, Phoenix, Atlanta and Austin, each contributing well over 20,000 new single-family homes to the market.  Read More

Ceramic Tile Statistics Economic Indicators Industry Forecasts Industry Statistics Published Articles Stone Statistics

Tile & stone grows in the face of inventory issues

“This has been a solid year for the tile category,” shared Crossville president Greg Mather. “I would expect the category to be up low double digits. A big part of this is fueled by Q2 comparisons versus the heart of lockdowns in 2020, but even into Q3 and Q4, we are seeing pretty solid levels of demand.” Read More

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New Home Sales Rose 12.4% in November

New Home Sales Rose 12.4% in November December 23, 2021 from Floor Focus FloorDaily.net News Washington, DC, December 23, 2021 – Sales of new single‐family… Read More