Articles Tagged with ''market reports''

Confidence in the multifamily housing market showed tentative signs of improvement in the second quarter, with builder sentiment rising modestly year-over-year despite persistent challenges from high interest rates and construction costs, according to the latest National Association of Home Builders survey. 

Foreign buyers acquired $56 billion worth of U.S. homes in the past year—a 33% surge that marks the first increase since 2017, with international purchasers paying a record-high median price of $494,400.

Mohawk Industries published its 16th annual impact report, which highlights progress toward the company’s sustainability goals, new environmentally friendly residential and commercial products, and activities that benefit the company’s people and communities as well as the planet.

The National Association of Home Builders' remodeling index dropped to 59 in Q2, marking only the second time since 2020 that the measure has fallen below 60, with western markets particularly affected by economic uncertainty.

Import cargo volume at the nation’s major container ports is expected to rebound this month after a double-digit drop in late spring but is forecast to fall again after previously paused tariffs take effect. 

New home sales jumped 10.9% in April to 743,000 units despite high interest rates and construction costs. Home builders call it an anomaly, with 61% now offering sales incentives. Year-to-date sales still down 1.2% as industry faces ongoing economic uncertainty.

The typical home purchased in America reached a record median age of 36 years in 2024, nine years older than in 2012, according to Redfin. A construction shortage since 2008's financial crisis forces buyers into older properties, with Buffalo homes averaging 69 years old versus just six years in Provo.

The Tile Council of North America report shows total consumption reached 2.70 billion square feet, marking the second consecutive year of market contraction as imports maintain a dominant 71.5% market share.

The Association of General Contractors (AGC) in partnership with Sage released “The 2025 Construction Hiring and Business Outlook,” reporting the expectations of commercial construction firms for 2025. Contractors are overall optimistic, but labor challenges, materials costs and the incoming administration’s policies pertaining to immigration and trade are listed as top concerns.

Construction employment increased in 234, or 65 percent, of 358 metro areas between November 2023 and November 2024; firms continue to boost pay rates as many of them struggle to find enough qualified workers to hire.