Articles

Floor & Décor announced Q2 2022 net sales of to $1,090 million, an increase of 27% from $860 million in Q2 2021.Comparable store sales increased 9%. Read More

In 2021, according to Catalina Research, resilient flooring sales could have increased by 30.3 percent in dollars and 19.3 percent in square feet; as a result, resilient flooring could have accounted for 27 percent of total floor coverings dollar sales in 2021 and 31.1 percent of total square foot sales. Read More

Keeping pace with the overall floor coverings market, the hardwood sector saw increases in dollar and square footage sales in 2021. A number of factors contributed to its growth, including its high reliance on a robust builder market, contributing to a 26.2 percent sales increase in dollars and a 12.5 percent gain in square feet. Read More

The housing market has been one of the few bright lights in the economy during the pandemic. House prices have climbed, homebuilding has accelerated and home improvement activity has been extremely strong as households were modifying their homes to their emerging housing needs. After trailing the pace of household growth for almost a decade, residential construction finally picked up. Single-family starts hit 1.1 million in 2021, exceeding the million-unit mark for the first time in 13 years. Multifamily starts were also at a 30-year high, but supply-chain delays have lengthened the time to completion. Read More

Certainly, part of the great sales increase of residential replacement flooring was the increase in existing home sales and an increase in the value of home values. Existing home sales increased by 8.5 percent to 6.12 million unit sales. That sales increase was quite great. On top of that, the median price of the 6.12 million house and condo sales increased by 17.2 percent to $347,100. That too is quite great. Read More

In spite of a challenging economy, many U.S. businesses are still looking to hire, reports the Wall Street Journal. Read More

In 2021, U.S. floor coverings sales came roaring back from the pandemic recession as the availability of a COVID-19 vaccination and continued fiscal and monetary stimulus gave consumers the confidence to replace their flooring. According to Catalina Research, residential purchases also received a boost from sharp gains in new home construction and existing home sales due to historic low interest rates. Read More

The dimension stone market is poised to grow by $1.03 bn during 2022-2026, decelerating at a CAGR of 3.6% during the forecast period. Read More

Consumer sentiment rose 3% to 51.5 in July, according to final results from the University of Michigan’s Survey of Consumers. Read More

Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million. Read More