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Stats 2023: Hardwood flooring cedes share

Floor Covering News

Evolving product mix The industry-wide shift to a higher ratio of engineered hardwood products vs. solid continued in 2022 as suppliers reported that a larger percentage of their product mix trended toward wider and longer—a format that cannot easily be rendered in a solid format. I still don’t see the housing market opening up.”

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Hardwood: State of the Industry 2022

Floor Covering News

Higher global demand for hardwood cores is driving up the cost of lumber, suppliers report. In the weeks following the Russian invasion of Ukraine, lumber prices climbed 14% to $1,452 per thousand board feet, according to a report by Markets Insider. By Reginald Tucker—Two years ago, the No. year-over-year in February 2022.