Articles
Bullish on Builders
“We are hearing from builders that they want hard surface products that reduce noise,” Gibson said. “Builders are anticipating longer times at home. This is not a short-term solution; [the pandemic] is changing the way homes are designed and the need to mitigate sound will continue.” He noted the company’s RevWood line in particular is designed with a cushion on the back to help reduce the transmission of sound. Read More
NAHB reveals features, design trends for 2021
After declining for four years, a number of key trends-including the average size of the home and the number of bedrooms and bathrooms-reversed course in 2020 as a result of shifting buyer preferences in the wake of COVID-19. The average size home remained flat at 2,486 square feet, while the percentage of homes with four or more bedrooms and three or more bathrooms rose to 46 percent and 33 percent, respectively-rising closer to 2015 peaks. Read More
The United States Flooring Market to Grow USD 51,606.22 Million by 2025, at a CAGR of 4.52%
The United States Flooring Market is expected to grow from USD 41,365.42 Million/EUR 36,269.98 Million in 2020 to USD 51,606.22 Million/EUR 45,249.31 by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 4.52%. Read More
Resilient flooring’s share keeps climbing
In 2020, the flooring world experienced a global pandemic, the reinstatement of tariffs on Chinese-made vinyl flooring and supply chain issues. Despite all of this, sales in the resilient category could have increased by more than 7.6 percent during the first nine months of 2020, according to Catalina Research. With its continuously improving visuals, ease of install and hygienic properties, resilient flooring is poised to continue this trajectory in 2021. Read More
Despite drops, industry sets road to recovery
Catalina Research has released its executive summary for 2020 and outlook for 2021. According to the report, the value of U.S. floor coverings manufacturer sales (shipments minus exports plus imports) could have declined 5.7 percent to $25.9 billion in 2020. Square foot sales, however, could have decreased by only 0.9 percent to 23.1 billion. Square foot sales held up better since average selling prices dropped as demand weakened, the report said. Read More
Laminate market challenged but still saw gains
Catalina Research reported U.S. laminate flooring sales saw a slight decline in 2020, decreasing by 3.8 percent in dollars and 4.8 percent in square feet. But the year wasn’t all about decline for laminate in 2020. In fact, Catalina Research reported that laminate dollar sales benefited from growth in higher priced goods as demand shifted to more water-resistant flooring. Laminate sales also received a boost from an increase in consumer DIY projects, which plays nicely into the segment. Read More
Mohawk Industries sees strong third quarter recovery
Overall, the results unveiled by the Calhoun, Georgia-based multinational reveal a smaller than expected contraction during the first nine months of the year. For the 2020 nine-month period, net sales were $6.9 billion, a decrease of 8% from the $7.5 billion of the same period in 2019 (or -7% on a constant currency and days basis). Net earnings totaled $267 million compared to the $480 million to September 2019. Read More
Top 25 Floor Covering Distributors of 2020
At press time, 2020 estimated sales were based on the industry average of a 0.04 percent decrease. Note, however, that 2020 sales projections vary significantly depending on a distributor’s business model, region served, retail accounts and lines carried as well as the mix of domestic versus imported goods. Read More