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STATS: Carpet rebounds after dismal Q2

Floor Covering News

billion in 2019. Despite this crash, carpet still remains the largest flooring segment, accounting for 48.4% of the overall 18.969 billion square-foot flooring market in 2020. Just five years ago, for example, carpet/rugs made up 60% of the flooring industry in terms of volume. But how things have changed.

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Resilient 2023: Industry-wide challenges mitigate growth

Floor Covering News

The consensus among the major resilient flooring suppliers is that once the dust clears, 2023 will see resilient sales down mid-to-high single digits. “A It’s likely that they’re still above 2019 levels for a lot of products but we could continue to see deflation depending on what happens with the economy.”

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NAFCD 2023: Forecast shows improvement over long term

Floor Covering News

No one is expecting floor covering distributors to post banner sales numbers for 2023—certainly not in an environment marked by high inflation and a slumping new home construction market. If you’re on the non-residential side of the street, you’re going to be doing very well in 2024 but you’re going to see some pain in 2025.”

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NAFCD + NBMDA conference kicks off in Colorado

Floor Covering News

Colorado Springs—Day one of the 2023 North American Association of Floor Covering Distributors/North American Building Materials Distributors Association (NAFCD + NBMDA) convention kicked off here with valuable networking activities and relevant seminars and educational sessions. rates we had back in 2019-2020.

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NAFCD+NBMDA conference puts education, networking front and center

Floor Covering News

Colorado Springs—Day one of the 2023 North American Association of Floor Covering Distributors/North American Building Materials Distributors Association (NAFCD+NBMDA) convention kicked off here with valuable networking activities and relevant seminars and educational sessions. rates we had back in 2019-2020.

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Economics: Headwinds will moderate growth in 2024 

Floor Covering News

Businesses and consumers should expect to see high interest rates heading into 2024 , although the rate of increase and severity of the increases should be lower during the year. 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

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