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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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Stats 2021: Price hikes, organic growth drive wood’s increases

Floor Covering News

After experiencing declines in both sales and square footage in 2019 and 2020, the U.S. hardwood flooring market orchestrated a dramatic turnaround in 2021. FCNews research shows wood flooring sales at the first point of sale in 2021 totaled a record $2.67 billion, a head-turning increase of 21% over 2020.

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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.