Articles

By any measure, 2023 will be a challenging year for the floor coverings industry. Historically, every time mortgage rates increased housing demand declines. And when housing demand declines flooring sales suffer. The past year has been no exception. The nearly 80 percent increase in mortgage rates in 2022 resulted in housing demand (new completions, existing home sales, and manufactured housing) declining by about 14 percent. Read More

Through 3Q 2022, total U.S. ceramic tile consumption was up 1.3% by volume year over year, reports the Tile Council of North America. Read More

Despite the severe difficulties caused by soaring costs, in 2022 the Italian ceramic tile industry’s production, sales and export volumes remained stable at the previous year’s levels. Read More

U.S. floor coverings manufacturer sales (shipments minus exports plus imports) growth continued to slow in the fourth quarter of 2022 as mortgage interest rates topped 7.0%. In the fourth quarter, dollar sales could have increased by 2.4%, while square foot sales could have dropped by 5.5%. Square foot sales dropped as housing demand decreased. Read More

The global natural stone market is expected to grow from $28.25 billion in 2021 to $30.49 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. Read More

In 2022, the tile industry remained dedicated to offering durable, high-performing and stylish products that consumers could rely on during the unpredictable year. According to the Catalina Report, U.S. ceramic tile manufacturer sales could have increased by 12.3 percent in dollars over the first three quarters of 2022, with sharp price increases contributing to dollar inroads. Read More

The resilient category has become a consumer favorite due to its gorgeous visuals, durability and affordability. Its performance attributes and ease of installation serves the needs and demands of both retailers and their customers. Read More

The U.S. terrazzo market is expected to reach USD 13.47 billion by 2030, registering a CAGR of 5.6% from 2022 to 2030. Increasing demand for residential and commercial construction sectors on account of its high-performance characteristics such impact resistance, high durability, and negligible bacteria growth are expected to drive the market growth. Read More

Thanks to the slowing economy, flooring retailers will continue seeing less traffic in stores during the first half of 2023, but the people who do show up will be ready to buy, according to Jeff Lorberbaum, Mohawk chairman and CEO, who kicked off Mohawk Edge Summit in Nashville, Tennessee, this week. Read More

Dodge Construction Network’s year-end report-which analyzes the key trends and insights across the industry throughout 2022, as well as insight into 2023-found that even though facets of a recession are possible, due to legislation and the advancements of project backlogs, construction may remain profitable through 2023. Read More