Articles

In 2020, the largest end-use market for soft flooring — residential replacement — weakened as consumers continued to move away from the use of wall-to-wall carpet, Catalina Research reported Read More

Material shortages create unusual wood landscape Thursday, August 5, 2021 from Floor Covering Weekly By Mallory Cruise-McGrath Hardwood flooring found itself in a unique predicament in… Read More

Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability to fall to its lowest level in nearly a decade during the second quarter of 2021. Read More

According to Catalina Research, in 2020, resilient flooring sales could have increased by 13.8 percent in dollars. Luxury vinyl tile (LVT) sales could have grown by 23.3 percent in dollars, driven largely by the growth in rigid core flooring’s sales — an increase of 39.3 percent in dollars, according to Catalina. “These gains were even sharper than the growth experienced in the non-pandemic year of 2019,” Catalina reported.  Read More

But when flooring stores reopened, residential replacement sales went through the roof. Everywhere. Regardless of store size or location, residential replacement sales were the best they had been in more than 15 years. And that saved the industry. After all of the anxiety, our industry had a 1.5 percent decrease in dollar sales. To say that is remarkable is a gross understatement.   Read More

The U.S. floor coverings industry had a mixed year in 2020 but it was able to survive the COVID-19 pandemic and end the year on a healthy note. The first half of the year was plagued by the deep pandemic recession, while demand surged in the second half as home renovation spending and new home construction increased sharply. The overall result was a 1.3 percent decrease in U.S. floor coverings manufacturer dollar sales (shipments minus exports plus imports) to $26.7 billion and a 3.2 percent increase in square foot sales to 23.9 billion. Read More

The Global Ceramic Tiles Market size was estimated at USD 215.75 Billion in 2020 and is expected to reach USD 231.11 Billion in 2021, at a Compound Annual Growth Rate (CAGR) of 7.45% to reach USD 332.19 Billion by 2026. Read More

Pent-up demand from the pandemic is creating a general spending surge that is helping to improve the outlook on construction spending over the next two years, according to a new report from the American Institute of Architects (AIA). Read More

Personal income increased $26.1 billion, or 0.1 percent at a monthly rate, while consumer spending increased $155.4 billion, or 1.0 percent, in June. Compensation increased in June while pandemic-related assistance programs declined. Read More

Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. Read More