Articles

U.S. hard-surface imports began 2024 in much the same way they left 2023, with January's $374.2 million in value only increasing by 0.6% from last December. Read More

The Tile Shop reported net sales for Q4 2023 were $84.5 million, a decrease of 3.4% compared to Q4 2022’s $87.5 million. Read More

Floor covering demand is highly correlated with interest rate cycles. Interest rate movements affect housing demand, non-residential building construction spending and transportation equipment shipments. Any interest rate decline stimulates flooring sales to households, businesses, builders and transportation equipment manufacturers. Read More

December continues the calming trend for U.S. hard-surface imports, with the $373.9 million in customs value showing a slight increase – 2.2% -- in a year-over-year comparison. The huge annual and monthly drop-offs look to be over. While last December did trail November, the margin was within a seasonal year-end range of less than 3%. Read More

Floor & Décor announced net sales of $1 billion, flat with Q4 2022. Comparable store sales decreased 9.4%. Read More

Mohawk net sales for Q4 2023 were $2.6 billion, a decrease of 1.4% compared to net sales of $2.7 billion in the same period last year. Q4 2023 net earnings were $139 million, an increase of 421% compared to net earnings of $33 million in Q4 2022. Read More

U.S. floor coverings sales could have turned the corner in the fourth quarter of 2023 after seeing declining sales over the first three quarters of the year. Based on monthly data, Catalina estimates U.S. floor covering manufacturer dollar sales (shipments minus exports plus imports) could have increased by 0.7 percent in the fourth quarter, while square foot sales could have risen by 1.9 percent. Read More

The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors Read More

Tile is truly a global flooring product. With so many vendors exploring fashion and technology, innovation in both look and composition enables a large scale appetite for the various new products from all around the world. Thanks to this continuing globalization, tile’s market reach is one that extends worldwide and remains robust and diversified. Read More

Countertops are the keystone in every kitchen, tying together the flooring, walls, cabinetry and appliances. With so many different options available — from quartz to granite, tile to engineered stone — it’s a matter of what is most important to the consumer and identifying the right option for them. Read More