Articles
Housing Starts Declined 14.7% in March, Down 4.3% YOY
Privately‐owned housing starts in March were at a seasonally adjusted annual rate of 1,321,000, 14.7% below the revised February estimate of 1,549,000 and is 4.3% below the March 2023 rate of 1,380,000, according to the U.S. Census Bureau. Read More
Ceramic Imports Declined 14.7% in First Two Months of 2024
In the first two months of 2024, total U.S. imports of ceramic tile were 26.3 million square meters, a decline of 14.7% from the same period in 2023 when imports were 30.9 million square meters, according to Grosser Consulting. Read More
Home Renovation Market Should Be Strong in 2024, Says Truist
"Renovation markets have historically seen up to a year delay in rebounding from recessions after new construction turns,” reports Truist. “This would put the industry on pace to see a rebound in '24 given the mid-year '23 new housing starts rally. Read More
2023 U.S. CERAMIC TILE MARKET UPDATE
The U.S. ceramic tile market contracted for the second straight year in 2023, as the U.S. housing market with which it is closely linked continued to struggle due to high mortgage rates, inflation, and labor shortages. Read More
Home-Buyer Preferences Shift as Challenges Remain
As the housing industry celebrates New Homes Month in April, builders continue to respond to buyer preferences by constructing smaller homes to place homeownership within reach of families planning to buy a home this year. A National Association of Home Builders (NAHB) analysis found that new homes built in 2023 reached their smallest median size in 13 years. Read More