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Flooring sales strong prior to COVID-19

U.S floor coverings manufacturer and retailer sales were about to take off in 2020 when the coronavirus hit the country. In the first two months of 2020 housing starts soared, increasing by 35.4 percent. This followed a nearly 20 percent gain in the fourth quarter of 2019, after being flat over the first three quarters of the year.  Existing home sales also increased at double-digit rates in early 2020, after rebounding in the fourth quarter of 2019 from weak sales earlier in the year. The rebound in existing home sales resulted in homeowner residential improvement spending also increasing close to 20 percent over the first two months of 2020. And then the country was shut down. Read More

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Top U.S. Specialty Flooring Retailers of 2019

The Top 50 Retailer Listing serves as a benchmark for the industry — number of stores versus revenue for retailers across the country. While some businesses are forthcoming with their financials, others are more private. Read More

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Money Well Spent: 2020 flooring investments target future growth

As flooring manufacturers head into 2020, leaders are bullish on the industry’s outlook and are making extensive and aggressive plans to invest in a variety of areas to grow their businesses, from expanding their physical footprints to growing their product assortments.  Read More

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Catalina releases 2019 industry trends report

According to the latest Floor Coverings Industry Trends Report from Catalina, during 2019, the value of U.S. floor coverings manufacturer sales (shipments minus exports plus imports) could increase by 1.2 percent to $27.6 billion. Square foot sales, however, could decline by 1.1 percent to 23.6 billion. Manufacturer sales were sluggish during 2019 due to an overhang of inventories accumulated from the rush to import Chinese-made flooring in late 2018 to beat rising tariffs, the report stated. Read More

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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

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Flooring Market Growing At 6.5 % CAGR To Reach $450 Billion By 2024

Flooring Market Growing At 6.5 % CAGR To Reach $450 Billion By 2024 October 9, 2019 by Global Market Insights from TalkFloor The global flooring market size… Read More

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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

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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

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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

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Flooring Market to Reach Around $450 Billion by 2026

Flooring Market to Reach Around $450 Billion by 2026 August 14, 2019 from Floor Covering Weekly Albany, N.Y. — The global flooring market is predicted… Read More