Articles

Floor and Décor reported net sales of $1.1133 billion for Q2 2024, a decrease of 0.2% from $1.136 billion in Q2 2023. Comparable store sales decreased 9.0%. Read More

Wood’s Post-COVID Decrease Tuesday, July 30, 2024, from Floor Covering Weekly By Angelique Dorcely Category sees a decline after two-year uptick While hardwood… Read More

As the tile market grows within the U.S., the export and import market for tile evolves as well. Catalina Research and the U.S. Department of Commerce reported that in 2023, ceramic and porcelain tile imports value was $2,561 million; its volume in square feet was 1,997 million, down 376 million square feet from 2022. Read More

After maintaining a robust performance in 2022, porcelain and ceramic tile experienced a slight downturn in 2023, mirroring the tumult seen in the real estate market thanks to high interest rates. Catalina Research reported that, in 2023, tile’s estimated sales value was $4.31 billion, a 3.5 percent decrease from 2022. This equals 3.15 billion square feet of product sold in 2023, down roughly 254,00 million square feet from 2022. This difference in value from 2022 is the first decrease tile has posted in five years. Read More

Resilient flooring in total has been the industry growth leader for the past two decades charting a meteoric rise and capturing the second largest piece of the floor covering pie in 2023 — LVT alone accounts for 27.6 percent of manufacturers’ sales. Still, the category has been challenged as market sales values have dropped across categories from 2022 to 2023. Read More

U.S. floor coverings sales declined in 2023 after two years of relatively strong growth, according to Catalina Research. Rising interest rates resulted in a declining housing market which caused flooring purchases to drop. Total U.S. housing demand (resales, new starts and manufactured home shipments) decreased 28.6 percent between 2021 and 2023 as mortgage interest rates surged by 129.4 percent. Housing demand drives floor covering spending since some 60 percent of the total market comes from homeowner and builder purchases. Meanwhile, commercial market sales opportunities remained on an upward trend since nonresidential building construction spending continued to increase at double-digit rates. Commercial market growth, however, could not offset the decline in residential markets. Read More

Mohawk Industries has published its 15th annual impact report, Surfaces with Purpose, which documents the company’s 2023 progress toward its sustainability goals. With teams and manufacturing facilities in 19 countries, Mohawk is the world’s largest flooring manufacturer. The company offers a comprehensive portfolio of residential and commercial products aligned with local market preferences, including a broad selection of sustainable products in every category. Read More

Globally, shipping costs have surged in the first half of 2024, defying the traditional off-season lull, reports Container Xchange Asia and Middle East and ISC (India Subcontinent) region were the regions that witnessed a significant uptick in container prices since October 2023 due to the Houthi attacks. Read More

The U.S. floor coverings market is weaker than forecasted earlier in the year, according to findings by Catalina Research, Inc.. The sharp increase in import shipments in late 2023 and early 2024 hinted at a recovery in domestic floor coverings demand in the first quarter. Read More

Encouraging signs of economic recovery following the lingering challenges from the COVID-19 pandemic continued in 2023 for the commercial contract flooring market, although not to the extent of 2022’s 13.1% increase in dollars. FCNews research shows total commercial sales reached $7.227 billion in 2023—a 1.5% decrease from 2022. This compares favorably to overall industry sales, which were off 10.1% from the year prior. Read More