The first three quarters of 2009 seemed rocky, at best. Recent news from the National Association of Home Builders (NAHB) offered our industry a glimmer of hope - new home sales rose 11% in June. However, and you knew this was coming, there is a caveat:
“The big gain in home sales last
month was reflected in three out of four regions and helped shrink the
inventory of new homes for sale to its lowest level in years,” said NAHB Chief
Economist David Crowe. “Even so, the pace of home sales in June 2009 was still
more than 21 percent off the pace of sales in the same month last year, so we
still have quite a way to go. The concern now is that complicating factors –
particularly job losses, appraisal issues that are torpedoing more than a
quarter of new-home sales, and the impending expiration of the first-time buyer
tax credit – threaten to stifle the positive momentum.”
NAHB, July 27, 2009)
Tim Fausch, BNP Media’s Publishing
Director for the Architectural, Engineering and Construction Division (that’s
us!) recently posted a humorous take on the various opinions pundits seem to be
readily handing out, “Fortune Cookies Predict End to Recession, Housing
Downturn.” You can read this and other blog entries onTILE’swebsite (www.tilemagonline.com).
Getting back to presenting the
economy in a positive light, tile industry members will soon descend upon
Bologna, Italy, for Cersaie’s 2009 Int’l Exhibition of Ceramic Tile & Bathroom
Furnishings. This year’s edition, themed “Building, Dwelling, Thinking,” takes
place Sept. 29 to Oct. 3 and promises notable speakers, including the keynote
address by award-winning architect Renzo Piano. More than 90,000 visitors are
expected to attend the five-day show. Of course, you won’t miss a beat with our
on-site show coverage. Check our Web site, Facebook and Twitter pages daily!
Lastly, I would like to thank those
who support Social Media and everything it encompasses. Never have I been so
in-touch with designers, architects, installers, manufacturers and retailers.
With so much information available, it’s hard to miss the mark in providing
up-to-date, features and news items. Again, thank you for your support. We
won’t disappoint you!
Everything Looks Great, But...
August 20, 2009