Articles
Floor coverings sales trends
U.S. floor coverings manufacturer sales (shipments minus exports plus imports) growth continued to slow in the fourth quarter of 2022 as mortgage interest rates topped 7.0%. In the fourth quarter, dollar sales could have increased by 2.4%, while square foot sales could have dropped by 5.5%. Square foot sales dropped as housing demand decreased. Read More
Despite inflation, tile remains steady
In 2022, the tile industry remained dedicated to offering durable, high-performing and stylish products that consumers could rely on during the unpredictable year. According to the Catalina Report, U.S. ceramic tile manufacturer sales could have increased by 12.3 percent in dollars over the first three quarters of 2022, with sharp price increases contributing to dollar inroads. Read More
U.S. Terrazzo Market Size, Share & Trend Analysis Report 2022-2030
The U.S. terrazzo market is expected to reach USD 13.47 billion by 2030, registering a CAGR of 5.6% from 2022 to 2030. Increasing demand for residential and commercial construction sectors on account of its high-performance characteristics such impact resistance, high durability, and negligible bacteria growth are expected to drive the market growth. Read More
2023 Retail Outlook: Slower First Half but Consumers Will be Ready to Buy
Thanks to the slowing economy, flooring retailers will continue seeing less traffic in stores during the first half of 2023, but the people who do show up will be ready to buy, according to Jeff Lorberbaum, Mohawk chairman and CEO, who kicked off Mohawk Edge Summit in Nashville, Tennessee, this week. Read More
Mohawk Posts Sales Increase of 3.6% in Q3 with Net Loss of $534M
Mohawk announced sales of $2.9 billion in Q3 2022, an increase of 3.6% compared to sales of $2.8 billion in Q3 2021. For the same period, the company reported a net loss of $534 million, compared to earnings of $271 million in Q3 2021. Read More
Catalina releases Kitchen & Bath Report
The declining U.S. housing market has finally caught up with the domestic kitchen and bath industry causing dollar sales growth to slow. Dollar sales gains, however, are being held up by rising prices as manufacturers pass through rising material, labor and transportation costs. Read More
Top 25 Distributors of 2022
Distributor sales have been tallied to reveal the nation’s Top 25 U.S. distributors of 2021. See the ranking below. Top 25 Distributors of 2022 Sales in millions 2022 sales projected; 2021 sales final Read More
Housing decline leads to slow flooring growth
Catalina Research has released its latest Floor Coverings Industry Quarterly Update. According to the report, U.S. floor coverings manufacturer sales (shipments minus exports plus imports) growth slowed substantially in the third quarter of 2022 as rising interest rates caused the housing market to decline. Read More
US floor covering imports report
Foreign-sourced products penetrated the U.S. floor coverings market before the pandemic, throughout the pandemic and during the pandemic recovery. Imports continue to take share from domestic manufacturers (whether shipped from a plant owned by a U.S.- or foreign-based company) despite re-shoring of some production, supply chain issues and additional tariffs placed on Chinese-made flooring. Read More