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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. Mexico was the third-largest exporter to the U.S. Tile imports from Mexico were up 1% by volume vs. 2021. share and Mexico with a 9.1% from 2021, according to the TCNA.

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Economics: A mixed bag of activity for 2023

Floor Covering News

Impact on consumer spending Despite record-high inflation, people will still buy products and spend on home improvements—even if the price of gasoline doesn’t come down as quickly as it went up. Residential construction dips Research conducted by ITR Economics shows new home sales are down 18.2% from this time last year.