Articles

In the first two months of 2024, total U.S. imports of ceramic tile were 26.3 million square meters, a decline of 14.7% from the same period in 2023 when imports were 30.9 million square meters, according to Grosser Consulting. Read More

The U.S. ceramic tile market contracted for the second straight year in 2023, as the U.S. housing market with which it is closely linked continued to struggle due to high mortgage rates, inflation, and labor shortages. Read More

In the month of January 2024, total U.S. imports of ceramic tile were 13.79 million square meters, according to Grosser Consulting, a 7.9% decline compared to January 2023’s 14.97 million square meters. 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

LL Flooring reported Q4 2023 net sales declined 19.7% to $211.8 million compared to sales of $263.9 million in Q4 2022, driven by a decrease in transaction count and average transaction size reflecting lower spend by consumers and pros. 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

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

In 2023, total U.S. imports of ceramic were 185.7 million square meters, a decline of 8.2% from the year 2022 when imports were 202.3 million square meters, according to Grosser Consulting. 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