PUBLIC VERSION
During the POI, after dipping somewhat in 2022 and 2023, residential construction has remained relatively flat in 2024.
The situation is similar in the remodeling market. The graph below sets forth the National Association of Home Builders’(“ NAHB”) most recent release of its NAHB / Westlake Royal Remodeling Market Index(“ RMI”): 135
After peaking in 2021, the RMI showed declines in 2022 and 2023 before flattening out in 2024.
As noted above, however, while housing construction and renovation activity has been flat over the last five years, demand for QSP has showed sustained growth as consumers continue to switch to QSP over other alternatives due to its superior aesthetic and performance characteristics. 136 Indeed, a survey published by Kitchen & Bath Design News in March 2025 found that“ engineered quartz is, far and away, the countertop surfacing material that is growing
135 The National Association of Home Builders,“ Remodeling Market Sentiment Down in the First Quarter”( Apr. 10, 2025), attached as Exhibit 20.
136 See QSP from China Inv Final, USITC Pub. 4913 at I-11; see also QSP from India & Turkey Inv Final, USITC Pub. 5061 at I-13.
49