Articles

For the past 50 to 75 years, national migration trends have favored mobility from the Frostbelt to the Sunbelt. Recent research projects that in the coming decades, climate change will dramatically change where people choose to live. Read More

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

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

Mohawk announced net sales of $2.7 billion for Q1 2024, a 3.6% decline from Q1 2023’s $2.8 billion. Read More

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

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

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

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

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

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