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Economics: A mixed bag of activity for 2023

Floor Covering News

C hi c ag o —The forecast for the new home construction market looks cloudy while non-residential sales are expected to remain robust in 2023. Residential construction dips Research conducted by ITR Economics shows new home sales are down 18.2% What this means is you can look for some solid commercial market activity in 2023.”

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NAFCD: Outlook upbeat for commercial market

Floor Covering News

Research conducted by ITR Economics shows new home sales are down 18.2% Other warning signs are evident in the rate of sales transactions at Home Depot (down 3%), although the volume decline is masked by slightly higher prices. The second half of 2023 is going to be strong, and 2024 is going to be even stronger.

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