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STATS: Carpet rebounds after dismal Q2

Floor Covering News

billion in 2019. Solution-dyed products’ lifetime performance and ease of maintenance have been a driving force for popularity with consumers,” said Jason Surratt, vice president, residential carpet business, Phenix Flooring. Sales of our more premium products are up through the last part of 2020 and well into 2021.”.

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Resilient 2023: Industry-wide challenges mitigate growth

Floor Covering News

“A lot of that is because we’ve seen pricing come down, so while square footage may not be off for some, the dollar value’s coming down—you actually got a lower number year over year,” explained Adam Ward, vice president of product management, resilient, Mohawk. Retail prices and costs have come down—we’ve seen deflation across the board.

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NAFCD 2023: Forecast shows improvement over long term

Floor Covering News

The housing market will begin to stabilize as we go through 2024 and begin to show more appreciable signs of recovery in 2025,” Beaulieu told the capacity crowd. “If 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.” rates we had back in 2019-2020.

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NAFCD + NBMDA conference kicks off in Colorado

Floor Covering News

Known for its high accuracy rate in economic forecasting—particularly in bellwether sectors such as housing, construction and building materials—ITR aimed to address attendees’ concerns about the state of the economy heading into 2024. However, the term “recovery,” by ITR Economics’ standards, means conditions are becoming worse less quickly.

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NAFCD+NBMDA conference puts education, networking front and center

Floor Covering News

Known for its high accuracy rate in economic forecasting—particularly in bellwether sectors such as housing, construction and building materials—ITR aimed to address attendees’ concerns about the state of the economy heading into 2024. However, the term “recovery,” by ITR Economics’ standards, means conditions are becoming worse less quickly.

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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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