Tarkett Residential plans to institute a 3 to 7 percent price increase on all resilient products effective Nov. 1. The company said the increase stems from the rising costs of raw materials and energy affecting production of its resilient product lines.

"The costs of raw materials and energy have soared unabated over recent months and as a result, Tarkett Residential can no longer carry the majority of those increases on its own," said Jan Lembregts, president, Tarkett Residential.

"We do not foresee these price adjustments having an impact on the market as we continue to witness enormous excitement among consumers for all of our resilient products," he added. "Homeowners realize that high-fashion designs plus durability and comfort is a valuable equation in their home decor.

"As always, Tarkett Residential remains dedicated to creating efficiencies within our supply chain and other operating processes to keep costs down while still providing the highest quality flooring available," Lembregts said.