Articles
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
BEA News: Gross Domestic Product, Fourth Quarter and Year 2023 (Third Estimate), GDP by Industry, and Corporate Profits
Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the fourth quarter of 2023, according to the "third" estimate. In the third quarter, real GDP increased 4.9 percent. Read More