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Economics: Headwinds will moderate growth in 2024 

Floor Covering News

That was the main thrust of a pair of informative economic keynote presentations delivered by ITR Economics last fall during the North American Association of Floor Covering Distributors+ North American Building Materials Distribution Association (NAFCD+NBMDA) conference. Outlook on U.S. Lowering interest rates will help.

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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.”