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Ceramic: State of the industry 2023

Floor Covering News

S everal issues that shook out in 2023 have contributed to a less-than-stellar year for ceramic tile. The increase in interest/mortgage rates, an abrupt transition of spending among consumers—from goods to services—and price deflation have all caused a lack of growth for ceramic tile in 2023. Category experts agree the U.S.

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Stats 2023: Tile flooring price increases buoy dollar sales

Floor Covering News

Floor Covering News research shows tile flooring experienced a 14% increase in dollar sales in 2022 to $3.507 billion versus $3.077 billion in 2021. The discrepancy between dollar sales and volume was more significant than in years past and ceramic suppliers agreed it had much to do with price increases and inflation. of the U.S.

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Commercial flooring: State of the industry 2023

Floor Covering News

billion-plus commercial flooring business, while Main Street applications account for the remainder, according to preliminary Floor Covering News research. In May, the National Association of Home Builders (NAHB) predicts multi-family building starts to decline by more than 10% annually from 2023 to 2024. April retail sales rose 0.4%