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Stats 2023: Hardwood flooring cedes share

Floor Covering News

After turning in a stellar performance in 2021 with growth rates in both sales and volume landing in the high double-digits, the U.S. hardwood flooring category took a big step back in 2022. Floor Covering News research shows hardwood flooring revenues fell 9.8% Last year, hardwood flooring accounted for 14.1%

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Hardwood: State of the Industry 2022

Floor Covering News

1 issue on the minds of many hardwood flooring executives was how the category would fare in the midst of a raging pandemic. Turns out the segment—and the industry by and large—would fare well as consumers and homeowners spent more time inside and more of their disposable income on flooring and other home improvement projects.