Articles
Resilient’s growth reaches double digits again
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
2020 marketWise Report
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
Despite pandemic, second half of 2020 saw gains
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
Catalina releases industry update
Catalina Research has released its industry update for the first half of 2021. According to the report, U.S. floor coverings sales came roaring back in the first half of 2021 as rising COVID-19 vaccination rates and a surge in personal income gave consumers confidence to replace their flooring. Read More
1Q 2021 U.S. Ceramic Tile Market Update
While last year was extremely difficult for the U.S. ceramic tile market, which was negatively impacted by the COVID-19 health crisis and declined for the second consecutive year, 2021 is off to an excellent start. Through 1Q 2021, total U.S. ceramic tile consumption was up 17.8% by volume vs. 1Q 2020.1 If the current pace continues for the full year, U.S. consumption would reach a record-high of 3.34 billion sq. ft. Read More
RēCo Report 2021
The annual RēCo Market Intelligence Report has held strong for 18 years. Each year, Floor Covering Weekly commissions third-party research company The Wayman Group to conduct a nationwide survey of retailers. Read More
Demand for Homeownership is Strong While Affordability Challenges Remain
"The value of homeownership has never been greater as evidenced by the increase in active buyers this year," said NAHB chairman Chuck Fowke, a custom home builder. "Home builders are eager to meet this demand, but are hamstrung by high lumber costs. Policymakers must seek out solutions to resolve the lumber price problem to help more families achieve the American Dream." Read More
Stone Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The global stone flooring market grew at a CAGR of around 7% during 2015-2020. Stone flooring is a kind of flooring manufactured using natural solid rocks. The rocks are cut into slabs and further processed to get the desired shape and polish. Slate, marble, limestone, granite and sandstone are some of the commonly used stones for flooring applications. Read More