Articles

Mohawk COO Paul De Cock, Engineered Floors’ senior vice president of residential sales Will Young, Mannington’s chairman of the board Zack Zehner and Shaw Industries’ executive vice president of residential sales Ben Liebert took the stage at tise to share their insights on “Flooring in 2025: Trends, Sustainability & Market Shifts,” an education session moderated by World Floor Covering Association’s Scott Humphrey which offered an in-depth look at the current challenges facing the industry — such as declining home sales and affordability issues — as well as strategies for navigating these downward pressures. The panel also discussed advancements in technology, labor issues and the potential impact of government policies set forth by the current administration. Read More

A slight uptick in the fourth quarter of 2024 enabled Mohawk Industries to reduce its decline in full-year revenue compared to the -3.8% reported in the first nine months. For the global flooring giant, 2024 closed with net sales of $10.8 billion, a decrease of 2.7% compared to the $11.1 billion of 2023. Adjusted EBITDA and adjusted operating income both increased by 0.7% versus 2023, while adjusted net earnings grew by 5.1% to $617 million. The company generated $680 million of free cash flow, ending the year with approximately $1.6 billion in available liquidity. Read More

World production and consumption of ceramic tiles: forecasts to 2028 Feb 07, 2025, from Ceramic World Web Newsletter The MECS Research Centre has published the… Read More

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in January, according to an ABC member survey conducted Jan. 21 to Feb. 3. The reading is unchanged from January 2024. Read More

After collecting over 100 trends in 33 industries for Design Forecast 2025, Gensler identified the five most important and actionable themes its clients should know now and in the year to come. Read More

In 2024, ceramic imports were down for the third consecutive year, while vinyl flooring imports increased though share gain seemed to be slowing, reports Truist. Read More

Kitchen and bath product manufacturer sales (domestic shipments plus imports minus exports) weakened again in the fourth quarter of 2024 after turning upward in the previous quarter, according to the Catalina Research report. In the fourth quarter, sales were hurt by rising mortgage rates after declining over the previous three months. Rising rates turned consumers cautious, leading to inventory accumulation at distributors and dealers. Read More

o see what’s in store for 2025, Builder Magazine analyzed several residential design predictions from sources including the National Kitchen & Bath Association (NKBA), the American Society of Interior Designers (ASID), Taylor Morrison, Houzz, Zillow, and Fixr. Read More

Mohawk announced Q4 2024 net sales for Q4 2024 were $2.6 billion, a slight increase over Q4 2023’s $2.6 billion. Read More

According to CNBC, President Trump has agreed to pause tariffs on imports from Canada for at least 30 days. Hours prior, Trump stated that tariffs on imports from Mexico would be paused for one month. The pauses on tariffs comes after all countries involved came to an agreement on preventing the trafficking of the opioid fentanyl into the U.S. Duties on Canada, Mexico & China weigh on business Read More