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Stats 2023: Hardwood flooring cedes share

Floor Covering News

hardwood flooring category took a big step back in 2022. Floor Covering News research shows hardwood flooring revenues fell 9.8% Industry observers attribute the disparity in sales to volume activity primarily to higher material and production costs in the face of slower sales. of all hard surface flooring products.

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Hardwood: State of the Industry 2022

Floor Covering News

1 issue on the minds of many hardwood flooring executives was how the category would fare in the midst of a raging pandemic. Turns out the segment—and the industry by and large—would fare well as consumers and homeowners spent more time inside and more of their disposable income on flooring and other home improvement projects.