Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

RēCo 2024: Tile

The annual RēCo Market Intelligence Report has held strong for 21 years. Below are the results for the tile category. Fieldwork was conducted using an online survey methodology from March 2024 through May 2024. In total, 1,028 complete surveys from specialty floor covering retailers were received by May 10, 2024. Read More

Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

Hard-Surface Report - Monitoring U.S. Imports

U.S. hard-surface imports of $395.2 million in April kept the good news rolling, with an increase of 13.3% from March and an 8% gain year-over-year. Read More

Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Stalled Housing Market Shifts Remodeling Activity

Rising mortgage rates and record house prices have dramatically slowed the housing market. Sales of existing homes are averaging under four million per year at an annual rate so far this year. As recently as early 2022, homes sales were running at a pace in excess of six million per year. A major factor in this slowdown is that given high mortgage rates, many owners are reluctant to move. Mortgage rates are running around 7 percent, and residential real estate company Redfin reported earlier this year that almost 60 percent of current owners have mortgages below 4 percent, encouraging them to stay put in their current home with their current mortgage. Read More

Competitive Intelligence Competitive Intelligence Floor Covering Products Industry Statistics Product Research Info Published Articles

The Hottest Design Trends From Milan Design Week 2024

This spring, we were fortunate to visit the design mecca of the world for Milan Design Week 2024! From the vast fairgrounds of Salone del Mobile to the vibrant streets of the Brera District, we immersed ourselves in the latest design trends and styles unveiled throughout MDW. The exhibits we saw in Milan were a true reflection of the innovative spirit and boundless creativity of the global design and fashion community. From established iconic brands to up-and-coming visionaries, each showcase offered a glimpse into the future of design. Collaborations between industry leaders sparked new ideas and pushed the boundaries of traditional design concepts. Read More

Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Future Forecast

Carpet tile is a growing segment for the soft surface flooring market, according to Catalina Research in its Floor Coverings Industry Quarterly Update released in March. Catalina estimated that carpet tile sales could have increased by 8.5 percent in dollars and 5.9 percent in square feet in 2023. “The sales increase reflects relatively strong nonresidential building construction spending since carpet tiles are generally used in commercial applications. Carpet tile sales are expected to continue to increase during 2024 since nonresidential building construction spending remains strong in early 2024,” reported Catalina. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

On Friday, April 19, the week before Coverings, the Tile Council of North America (TCNA) reported that U.S. ceramic tile manufacturers, representing over 90% of all U.S. ceramic tile manufacturing, had filed anti-dumping and countervailing duty petitions with the federal government. Read More

Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

Lowe's Q1 Sales Down 4% YOY, Earnings Decline 22%

Lowe’s reported total sales for Q1 were $21.4 billion, a decline of 4% compared to $22.3 billion in the prior-year quarter. Comparable store sales for the quarter decreased 4.1% as the decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online. Read More

Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Stone Statistics

Good News for U.S. Hard-Surface Imports in March

U.S. hard-surface imports of $364.2 million in March offered a double-dose of good news, with an increase of 8% from February and a 2.1% lift from March 2023. Read More

Ceramic Tile Statistics Competitive Intelligence Competitive Intelligence Floor Covering Products Industry Statistics Product Research Info Published Articles

TILE OF SPAIN COMPANIES PRESENT AN ALL-ENCOMPASSING DISPLAY OF INNOVATIONS AT COVERINGS 2024 

More than 50 ceramic companies from the Spanish delegation showcased their latest collections and cutting-edge products at Coverings 2024, North America’s premier international tile and stone exhibition and conference. Held at the Georgia World Congress Center in Atlanta, GA from April 22 – 25, 2024, this year’s fair emphasized Spain’s position at the forefront of innovation in the industry. Here is a highlight of key trends from Spain that underscore the macro-diversity of new and emerging ceramics. Read More