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Industry disrupters 2024: Internal factors, external forces upend status quo

Floor Covering News

This year’s Floor Covering News “Industry Disrupters” 2024 issue features all manner of players that are—or are poised to—shake things up. On the retail side, 31st Street Capital, a family-owned holding company that was founded in October 2018, has already acquired six flooring retailers—the last being Sam Kinnaird Flooring last year.

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Natural Stone Institute announces new board members

Floor Covering News

Oberlin, Ohio— The Natural Stone Institute (NSI) will welcome two individuals to its board of directors in January 2024. Dumais has been the sales and logistics manager of Miller Druck Specialty Contracting, Inc., Dumais and Niedbalski will be formally welcomed to the board during the first meeting of 2024 at StonExpo in Las Vegas.

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Daltile highlights tile for National Tile Day

Floor Covering News

Dallas, Texas—This Friday is National Tile Day 2024 and Daltile , the largest designer and manufacturer of tile in North America, wants to kick-off the celebration by highlighting the myriad of attributes that make tile an outstanding component of residential and commercial design, construction and remodeling.

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Pat Oakley named president of Mullican Flooring

Floor Covering News

A veteran of the hardwood flooring industry for more than 25 years, Oakley joined the company, based here, in 2000 as a regional sales manager. He was promoted to national sales manager in 2005. In 2017, Oakley was promoted to vice president of marketing and led various strategic initiatives, including rebranding the company in 2018.

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STATS: Carpet rebounds after dismal Q2

Floor Covering News

In the second quarter of 2020, residential carpet sales plummeted 23% in volume and 27.4% When all the numbers were crunched for 2020, FCNews research shows overall carpet sales fell 12.5% Total area rug sales fell an estimated 2% to $2.576 billion in 2020, according to industry estimates. billion in 2019. and units gained 9.5%.

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What does the Fed’s rate hike mean for housing?

Floor Covering News

through 2024. During the last tightening cycle, the federal funds target rate increased from November 2015 (with a top rate of just 0.25%) to November 2018 (2.5%), a 225 basis point expansion. The Federal Reserve’s unemployment projection sees that rate increasing to 4.1% Using the core PCE measure, the Federal Reserve sees a 4.3%