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In the News – Lending Standards Continue to Tighten

Aug 14, 2023

In the News – Lending Standards Continue to Tighten

According to the Federal Reserve Board’s July 2023 Senior Loan Officer Opinion Survey (SLOOS) for second-quarter 2023 bank lending activity, banks reported that lending standards tightened for all residential real estate (RRE) and commercial real estate (CRE) loan categories.

Banks expect their lending standards across all loan categories to tighten further over the second half of 2023. Expectations of more tightening were fueled by increased economic uncertainty and an expected deterioration of collateral values and credit quality of existing loans according to respondents.

As standards tightened, banks also reported weaker demand for both RRE and CRE loans. The net share of banks reporting weaker demand averaged 38.9% across RRE loan categories — a large improvement from the 50.8% and 87.4% averages in fourth quarter 2022 and first quarter 2023, respectively.

A majority (71.7%) of banks tightened standards for construction and land development loans, while 63.3% of banks tightened standards on loans secured by multifamily properties in the second quarter. Additionally, roughly half of respondents indicated weaker demand for these loans in the second quarter relative to first quarter.

David Logan, NAHB director of tax and trade policy analysis, provides more details in this Eye on Housing post.

Source: National Association of Home Builders – Lending Standards Continue to Tighten

CSTD News

BDNY Returns to NYC with a Curated, Authentic and Immersive Hospitality Experience

Boutique Design New York (BDNY), the leading trade fair and conference for hospitality’s boutique and lifestyle design community, returns to the Javits Center on November 12 to 13, 2023. [...]

Decocer Participates in MAISON&OBJET in Paris with Tile of Spain

Decocer, a ceramic tile company specialized in the design and production of small size and custom-made ceramic tiles, participates in the prestigious French show MAISON&OBJET, held in Paris from September 7th to 11th, at the information stand that Tile of Spain has prepared for the event. [...]

AIA Releases Comprehensive Report on Compensation & Benefits Trends in 2023

The American Institute of Architects (AIA) has released its most comprehensive report on architecture firm compensation and benefits trends in 15 years. The 2023 edition of the AIA Compensation & Benefits Report provides a comprehensive look into how firms are addressing rising inflation, staff shortages, and increased financial pressures and their impact on recruitment and retention. [...]

AIA/Deltek Architecture Billings Index Sees Stable Business Conditions in July

The American Institute of Architects (AIA)/Deltek Architecture Billings Index (ABI) results for July signals mostly stable business conditions. The ABI score was 50.0, indicating that billings at architecture firms remained flat for the month. [...]

LATICRETE® Launches 254 PLATINUMTM Plus – The Ultimate Lightweight Thin-Set Adhesive Mortar

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New Ravenna Introduces Additions to the Studio Line

New Ravenna, America’s premier designer and manufacturer of mosaics for residential and commercial installations, is pleased to introduce four additions to the Studio Line collection bringing the total number of designs to 72 selections. [...]

The University of Ceramic Tile and Stone’s (UofCTS) Online Training Certification Program

The University of Ceramic Tile and Stone (UofCTS) offers a certification accreditation program for experienced tile and stone professionals who have a minimum of two years full time on-the-job experience within their respective tile or stone industry. [...]

The 50th Anniversary of Jørn Utzon’s Sydney Opera House (1973-2023)

A conference will be held on Thursday, September 28th in the Palazzo dei Congressi in Bologna as part of Cersaie’s Building, Dwelling, Thinking program to celebrate the 50th anniversary of Jørn Utzon’s Sydney Opera House (1973-2023), one of the most important works of modern architecture to make extensive use of ceramic tiles. [...]

Luxury Tile and Stone Company, Walker Zanger, Hosts Grand Opening of Costa Mesa Showroom on August 3rd

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Crossville Announces New Distribution Facility

Crossville, Inc. recently announced opened a new distribution facility in the Huntington Business Park in Loudon, TN. The new warehouse spans 130,424 square feet and offers the company close access to its main manufacturing facilities and to the interstate highway system.  [...]

Design Time Video: TVS Design & Architecture Shares Experience of Renovating Atlanta Office Building

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Color Palettes and Surface Finishes

TILE recently caught up with Kait Paradowski, design director at Artaic, and Jill Cohen, vice president of design at Artistic Tile, to ask them to share their thoughts and experiences on the inspiration behind developing new color palettes and tile collections, as well as the current trends they are seeing. [...]

UofCTS Tile & Stone Online Sales and Installation Training Courses

The University of Ceramic Tile and Stone (UofCTS) wants to remind you that UofCTS provides Online Tile and Stone Sales and Installation Courses designed to increase the employee's knowledge and skills in order to increase the profits of the company and to avoid costly problems. [...]

Dal-Tile Wins “Vendor Of The Year” Award

Dal-Tile LLC recently received its second “Vendor Of The Year” award from custom luxury homebuilder AR Homes®.  This is an exceptionally prestigious win, given the level of excellence AR Homes® expects from its stable of top-tier suppliers and vendor partners.  Dal-Tile LLC surpassed other nationally-renowned supplier partners such as GE Appliances, Moen, Sherwin-Williams and Carrier to capture this year’s “Vendor Of The Year” title.   Dal-Tile LLC is parent company of three leading powerhouse brands of tile, stone, and countertop products — Daltile, Marazzi, and American Olean — featured throughout AR Homes®’ nationwide luxury custom home builds.   [...]

American Society of Interior Designers Announces FY 2024 National Board of Directors

The American Society of Interior Designers (ASID) has announced the next slate of its National Board of Directors. Appointed to amplify the ASID mission and advance the impact of the practice, the board is comprised of three officers (chair, chair-elect, past-chair), seven at-large directors, an industry partner representative, and ex officio. [...]

Virginia Tile Announce New Flagship Showroom and Distribution Hub in Indianapolis

Virginia Tile is expanding their operations into Indiana with the opening of a brand-new, all-in-one full-service branch in Indianapolis. This new location will feature a state-of-the-art showroom, a user-friendly order and pick-up desk and a fully stocked warehouse of tile and installation materials providing customers with a comprehensive and convenient tile shopping experience. [...]

Stone World News

FCEF Awarded First Grant to Help Solve Installation Crisis

The Floor Covering Education Foundation (FCEF) is pleased to announce that it has been awarded a federal grant to fund installation training programs at several colleges in Alabama over the next three years. This grant represents the FCEF's inaugural funding success outside of the industry and sets the stage for future grant applications.  [...]

THE APPLAUD - Curated by Giorgio Canale 
Marmomac, Veronafiere from September 26 to 29, 2023

A major innovation will greet the audience at Marmomac [...]

A Tile Preview from Cersaie 2023

Take a look at a selection of tile collections that will be on display at Cersaie 2023. [...]

Fabricators Get Up to Speed on Porcelain and Sintered Materials with ISFA’s Mineral Surfaces Training Program

“It was really nice to connect with other fabricators to learn more about the industry and see how others are handling the challenges we all face. I look forward to participating in future activities and training sessions.” —Jeff Preston, Top Advantage Surfaces  [...]

Silestone's Le Chic Offers Beauty and Sustainability

Silestone® introduces Le Chic, a modern interpretation of Parisian- and Victorian-inspired styles. [...]

Students from Various Regions in Italy Will Visit Cersaie

The ceramic industry meets the new generation and invests in education [...]

Brazil Will Present "The Unique World of Brazilian Natural Stones" at Italian Fair

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Video: A Look Inside Buechel Stone’s Company Culture

April Dowland of Buechel Stone shares new developments at the company, as well as how the stone producer has created a work environment filled with encouragement and communication. [...]

Winner of Brazilian Architecture Award Will Visit Marmomac 2023

The competition, held by the Brazilian Center of Natural Stones Exporters (Centrorochas), the World Natural Stone Association (Wonasa) and Vitoria Stone Fair, aimed at contributing to the improvement of the training of new professionals for the use of natural stones.  [...]

Vadara® Makes Their International Debut at Marmomac in Verona, Italy

Vadara Quartz Surfaces, a leading manufacturer of artisan handcrafted quartz surfaces, will be an exhibitor at the Marmomac trade show in Verona, Italy, on September 26 to 29, 2023.  [...]

The Evolution of Italy’s Ceramic Tile Exhibition

Celebrating 40 years at its 2023 edition, Cersaie will join members of the tile industry from across the globe to view the latest tile trends and product introductions. [...]

Park Industries Celebrates 70 Years

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PROSOCO Names New President; Other Promotions and New Hires

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The Key to Long-Lasting Tile: Pay Attention to Moisture

High moisture levels in the subfloor can lead to a range of problems, including tile cracking, mold growth and structural damage. Here’s how. [...]

Blick Suction Cups Available in 40+ Shapes

Blick suction cups are available in 40+ shapes and are built to suit your machine and your project. [...]

Marmomac Unveils a New Image

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Cambria Announces Six Depth-defying New Designs

Cambria, The Finest Countertop Makers in the World™, introduces six new additions to its iconic quartz design palette. The groundbreaking new designs are fueled by Cambria’s proprietary technology and techniques, and transcend the existing palette to further expand its innovative quartz surface collection.  [...]

ProKnee® Introduces Its New Innovative Strap Design

Smartlock® Plus buckle keeps strap tightness where you want it [...]

Specifying Today’s Grouts by Design

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Podcast: Tips For The Fabricator

Each month, Jason Kamery and I sit down to chat about the latest happenings in our industries. Listen to our latest podcast on what's coming in September. [...]

Architect Designer Interviews

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Premium Materials for Kitchen Remodel

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Sculptor Darrell Petit Discusses Stone Carving and Sustainable Building

Jason Kamery interivews sculptor, Darrell Petit and talks about his career and his pasion for stone and sustainability of natural stone. [...]

Tile Trends with Alena Capra

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A Sculptural Urbanscape at Four Seasons Hotel & Private Residences

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One-on-one with Brittney Harmond

Contemporary Stone & Tile Design recently spoke with Brittney Harmond, a representative for Ceramics of Italy, to discuss the latest trends in large-format porcelain slabs.  [...]

The virtual showroom

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Quartz surfacing contributes to “modern farmhouse” style

Cassandra LaValle, the founder and creative director of Coco Kelley and The Emerald Studio, favored Silestone Lagoon for the surfacing and bright white paint from Benjamin Moore. In this interview, La Valle explains her thoughts and inspiration behind the design. [...]

One-on-one with Leslie Markman-Stern

Leslie Markman-Stern, president of Leslie M. Stern Design shares her experiences and trends she is seeing in the market [...]

2020 Hospitality design trends

With the hospitality design sector in a seemingly constant state of change, tile and other alternative material manufacturers need to stay up-to-date on current trends in colors, shapes, finishes and sizes to meet the demands of the architectural and design community. [...]

One-on-one with mosaic tile artist Mercedes Austin

Contemporary Stone & Tile Design magazine had the opportunity to talk with Mercury Mosaics owner Mercedes Austin about her 20 years of experience, how she got started and some of the experiences she has had working with customers. [...]

Designer uses large-format tile to transform a small space

Working within an extremely small footprint in an original 1951 home, Sheryl Steinberg, Allied ASID, LEED Green Associate, of Sheryl Steinberg Interior Design, LLC in Bethesda, MD, was tasked with creating an open, modern, bright, efficient, usable, roomier bathroom that reflected the owner’s modern style. [...]

One-on-one with mosaic tile creator Danilo Bonazza

Danilo Bonazza is a mosaic artist and owner of Art & Mosaics. He discusses how he got involved with mosaic art and how he designs his works of art. [...]

HanStone Quartz used to create a dream kitchen and bathroom

Using the stunning views of Downtown Atlanta, architect and designer Vykintas Genys used HanStone Quartz to bring his client’s vision to life. [...]

One-on-one with architect Ryan Thewes

Ryan Thewes, the owner of Ryan Thewes Architect, has been a licensed architect for 10 years and discussed his business and some of the trends he is seeing in the stone and tile industries. [...]

Traditional building, stone design used for Church in Philadelphia

FFKR Architects in Salt Lake City, UT, has worked with the Church of Latter Day Saints for at least 25 years. FFKR Architects has built these temples in major cities all over the world, roughly 150 of them and every year the Church of Latter Day Saints announces four or five new temples. [...]

CSTD Column: From the Editor

For this issue of Contemporary Stone and Tile Design magazine, we take a look at stone used in architectural landscape and building stone applications, as well as some creative uses of quartz surfacing. [...]

One-on-one with designer Karen Kettler

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Kitchen & Bathroom Trends

The kitchen is one of the most essential spaces in any household. A place where meals are made, family time is spent and memories are created. Appropriately deemed the “heart of the home,” the design of this space is crucial, especially to those who like to entertain. [...]

One-on-one with architect Stephen B. Jacobs

"As I look back at my career, almost every decade pulled us in a different direction. In the 1970’s we focused on Adaptive Reuse, designing projects in New York City but also Patterson NJ, Norwich CT, and Upstate NY." [...]