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The Life of Luxury

“There’s no question Baby Boomers and Gen X have more money,” said Milton Pedraza, chief executive officer of the Luxury Institute. He added that while younger consumers may have more debt and are less affluent, it’s a matter of time before they catch up as Boomers transfer wealth in inheritances.  Read More

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Labor shortage continues to impact industry

The labor shortage for the remodeling industry continues to impact the industry, according to a recent survey by the National Association of Home Builders (NAHB) Remodelers. NAHB released the survey results, which highlights availability of labor and subcontractors, to kick off National Home Remodeling Month in May. Read More

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Tile in 2019: Growth, change & challenge

Tile and stone continues to be a growth leader for floor covering sales and in 2018 — its growth outpaced overall U.S. Flooring Covering growth for 2018, according to Catalina Research. And, the category gained significant share last year. According to the quarterly report, dollar sales are estimated to have increased 6.8 percent, while square footage could have increased by 6.2 percent. Read More

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First-time home buyers battle rising prices

First-time home buyers make up 37 percent of all households who purchased homes in the two years preceding the release of the 2017 AHS, down from 39 percent in the 2015 AHS. The median price of homes purchased by recent home buyers, including first-time buyers and previous home owners, known as trade-up buyers, increased by 10 percent from the 2015 AHS.  Read More

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Natural stone's authenticity helps growth

Stone sales have been slow to grow over the past year, according to Catalina Research. Read More

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The US Market and what to expect in 2019

The US Market and what to expect in 2019 From Ceramic World Web – January 15, 2019  by  Joseph Lundgren Consulting  With the US market being one of the… Read More

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Stone Fabricator Market Forecast for 2019

While the majority of participants have high hopes for the coming year, another 12% said the market would remain status quo and 6% are bracing for a drop in sales revenue. The mean average of 26% growth is a 7% increase from last year’s results. Read More

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Technology and versatility helps tile grow

Tile is a sector in which aesthetic is as important as function. Hard surface sales continue to climb. During the third quarter of 2018, hard surface flooring may have accounted for 56.6 percent of total dollar sales — a 7.5 percent increase from 2017, according to Catalina. Read More

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Q3 floor covering dollar sales up by 4.8 percent

Q3 floor covering dollar sales up by 4.8 percent Monday, October 08, 2018 from Floor Covering Weekly [Delray Beach, Fla.] Catalina Research has released the latest Quarterly… Read More

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2017 marketWise: Steady as she goes

It has been a long time since the floor covering industry was driving with all cylinders working great. 2006 was the last year commercial contract, residential replacement and builder business were all doing great. This year, residential replacement slowed the industry down mainly due to flat existing home sales. While new home sales were up 8.3 percent (+45,000 additional new homes over last year) existing home sales were up a paltry 1.1 percent. Read More