Articles
Sales struggle in 2019
“By the fourth quarter of 2019, housing starts and home improvement construction spending were increasing at double digit rates in response to the 20 percent decline in interest rates in the third and fourth quarter of the year. As a result, U.S. floor coverings dollar sales increased by 2.8 percent in the second half of 2019, while square foot sales began to rise.” – Catalina Research Read More
COVID causes downturn, but less than expected
Catalina’s latest analysis of floor coverings industry trends indicate that the company's March predictions of a double-digit sales decline in this year’s second quarter did not occur. On the other hand, the sharp spring back in demand could be held up with the rising number of coronavirus infections in recent weeks. So, let’s review what did occur over the past three months and what the “new normal” may look like. Read More
Catalina Research report on e-commerce sales
Catalina Research has released its newest report on flooring, furnishing and home improvement e-commerce trends. According to the report, e-commerce sales for the leading online retailers of flooring, furnishing and home improvement products soared as the coronavirus shelter-in-place orders accelerated the shift to e-commerce business. Read More
Your numbers up and other lessons for good math
Basically our industry is $68+ billion. Of that, $22 billion is installation or labor. Since these numbers are adjusted every five years to Census of Retail and Census of Construction, there is no more than 5 percent error in the numbers. We can quibble about whether it is really $66.4 billion or some other number close but that is the size. Read More
U.S. Construction Market 2019/2020: Current Conditions and Future Outlook
U.S. Construction Market 2019/2020: Current Conditions and Future Outlook By Daniel LoBue, Tego Systems Corp. from Flooring Covering Installer Magazine Sept/Oct 2019 Background: Only final revised data published… Read More
Catalina reports sales flat, could increase in Q4
U.S. floor coverings demand could increase in the fourth quarter due to the steep drop in interest rates in the second and third quarters of 2019. Declining interest rates has given a boost to U.S. home sales in the third quarter of 2019 for the first time in over a year. Rising home sales, especially in the important re-sale market, has historically stimulated residential floor coverings sales. Read More
Flooring Market Value to Surpass $450 Billion by 2024
Flooring Market Value to Surpass $450 Billion by 2024 September 6, 2019 from Floor Trends Selbyville, Del. — The global flooring industry is expected to cross $450… Read More