Armstrong said it will raise prices by six percent on solid hardwood flooring products in the United States and Canada, beginning July 1.
“Since the announcement of our last price modification, lumber and energy prices have continued to rise. Early signs of a recovery in housing are putting continued volume pressures on saw mills. The cost impact on solid hardwood flooring is clearly visible through the price on commodities such as unfinished strip, which has increased 20% in the last 60 days,” said Daniel Call, Armstrong vp, wood product management.
Armstrong to raise hardwood prices
May 11, 2010