Articles

“There’s no question Baby Boomers and Gen X have more money,” said Milton Pedraza, chief executive officer of the Luxury Institute. He added that while younger consumers may have more debt and are less affluent, it’s a matter of time before they catch up as Boomers transfer wealth in inheritances.  Read More

The labor shortage for the remodeling industry continues to impact the industry, according to a recent survey by the National Association of Home Builders (NAHB) Remodelers. NAHB released the survey results, which highlights availability of labor and subcontractors, to kick off National Home Remodeling Month in May. Read More

TCNA releases Ceramic Tile Industry Update Wednesday, April 17, 2019 from Floor Covering Weekly Daily [Anderson, S.C.] The Tile Council of North America (TCNA) has released the… Read More

Tile and stone continues to be a growth leader for floor covering sales and in 2018 — its growth outpaced overall U.S. Flooring Covering growth for 2018, according to Catalina Research. And, the category gained significant share last year. According to the quarterly report, dollar sales are estimated to have increased 6.8 percent, while square footage could have increased by 6.2 percent. Read More

First-time home buyers make up 37 percent of all households who purchased homes in the two years preceding the release of the 2017 AHS, down from 39 percent in the 2015 AHS. The median price of homes purchased by recent home buyers, including first-time buyers and previous home owners, known as trade-up buyers, increased by 10 percent from the 2015 AHS.  Read More

Despite the substantial growth of overall construction spending in the US last year, ceramic tile consumption did not keep pace. Read More

Canadian imports and consumption of ceramic tiles decreased to 41 million sq.m in 2018. Read More

While carpet and hardwood are suffering a decrease of their market share, the US floor covering market experiences the strong advance of LVT. Read More

US tile consumption grew just 1.2% in 2018 to about 288 million sq.m. Domestic sales of US tile dropped to 84 million sq.m, while imports rose to 205 million sq.m (+5%), mainly from China, Spain and Brazil. Read More

After five consecutive years of record earnings, the US flooring giant Mohawk Industries encountered greater difficulties than anticipated in 2018, with inflation increasing dramatically, luxury vinyl tile impacting ceramic tile and other flooring products and most markets slowing. Read More