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Executive forecast 2024: No signs of stopping resilient flooring

Floor Covering News

LVT will continue to grow share in the resilient category, but economic concerns such as interest rates, consumer confidence, labor issues and tighter lending standards can and will have an impact on the overall flooring market. Commoditization/saturation of SPC in the marketplace, putting pressure on this category moving out into 2024-2025.

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Economics: Headwinds will moderate growth in 2024 

Floor Covering News

housing market “The housing market will begin to stabilize as we go through 2024 and begin to show more appreciable signs of recovery in 2025,” Beaulieu said. “If We had those wide lapels and pastel colors, but at least we survived. Outlook on U.S. Yes, we wore awful suits. Lowering interest rates will help.

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