Sales of new and existing homes have soared in recent months as people leave cities for the suburbs and take advantage of extremely low mortgage interest rates. At the same time, home renovations have increased significantly, with home owners looking at their homes differently after months of being quarantined in them.
A beneficiary of these trends has been the residential flooring industry, because home sales and home renovations almost always include some type of new flooring. At Fishman Flooring Solutions, sales of products for use in residential spaces have been setting records since the beginning of the year and show no signs of slowing down. Much of these increased sales have been luxury vinyl tile (LVT), with luxury vinyl click flooring leading the way.