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2023 Retail Outlook: Slower First Half but Consumers Will be Ready to Buy

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

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Dodge Anticipates Positive Market for Construction in 2023

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

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A SEASON OF CHANGE, 2022 FALL CERAMIC TRENDS

As the days become shorter and the cool nights trickle in, Mother Nature makes her chilly presence known with a change in season. And just as the outside world begins its cozy transition, we see a similar shift in the colors, textures and details used to decorate interior spaces. Read More

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Engineered Wood Flooring Imports Grew 22% in First 9 Months of '22

Year-to-date through September, U.S. imports of engineered wood flooring have grown by more than 22% in value to more than $1 billion and by more than 19% in volume to over 600 million square feet, reports the Decorative Hardwoods Association. Read More

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Industrial Flooring Global Market Report 2022

The global industrial flooring market is expected to grow from $6.26 billion in 2021 to $6.91 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The industrial flooring market is expected to grow to $9.08 billion in 2026 at a CAGR of 7.1%. Read More

Floor Covering Products Press Release Published Articles

Uncovering the true promise of waterproof

Consumers now automatically assume their floors will be waterproof, given the constant upgrades in quality and technological innovations in the industry. With the expectation that this flooring will be durable and remain intact under any spill or splash, it’s imperative that RSAs specify the true promise of waterproof-branded products and what is warrantied. Read More

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Inflation has peaked

There now are strong indications that inflation is finally easing. And lumber is again setting the trend, with prices down a third from their mid-year 2021 high. Prices of commodities like lumber are often quite volatile, meaning that they can rise rapidly and fall equally quickly. Read More

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Tile Takes the Lead

Tile is a “forever” surface: It’s versatile, functional and durable. It performs in style, variety, trend and price point — both in residential and commercial spaces. “Tile is the most durable flooring available on the market today,” said Paulo Pereira, senior merchant for MSI. “It’s the one product that doesn’t even come with a ‘wear warranty’ as it simply doesn’t need one.” Read More

Ceramic Tile Statistics Floor Covering Products Industry Statistics Press Release Published Articles

Blush at the thought! Consumers aren’t being shy about a desire for a fresh start this year. Interior designers and manufacturers are answering the call with a fresh take on a warm neutral: blush. Sherwin-Williams has selected a blush hue as its 2023 color of the year. Likewise, Farrow & Ball, the iconic wallpaper and paint brand has issued 11 new colors — their first new colors in four years — and three of the 11 fall solidly in the blush hue. And, we’ve seen other big brands, such as Valspar and Better Homes and Gardens at Walmart, identifying blush as a major decor inspiration. Read More

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Stone Statistics

Mohawk Posts Sales Increase of 3.6% in Q3 with Net Loss of $534M

Mohawk announced sales of $2.9 billion in Q3 2022, an increase of 3.6% compared to sales of $2.8 billion in Q3 2021. For the same period, the company reported a net loss of $534 million, compared to earnings of $271 million in Q3 2021. Read More