Residential Flooring

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More than 60% of homeowners say they plan to stay in their homes for 11 years or more following a 2022 renovation. Additionally, the share of homeowners undertaking renovations with a plan to sell their home soon has declined by half since 2018.

Are you a good steward for your clients? Kyle gives advice on how to be a good steward, what your responsibilities are as a steward and what the potential outcomes are.

Nourison, a leading manufacturer of floor coverings and home accents, has announced its rebranding to Nourison Home. As the new parent for Nourison’s portfolio of products, this change aims to better align the company's strengths with evolving consumer needs and preferences.

Cali, the omni-channel flooring brand, is expanding two popular luxury vinyl collections with new colors. Cali Vinyl Windansea and Builder’s Choice are getting refreshed just in time for summer projects. The new shades are on-trend with smooth grains and understated hues. 

Attendees of the National Wood Flooring Association (NWFA) share a bright outlook for the wood industry in 2023. 

A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor shortages and tightening credit conditions for construction loans.  

More than 100 top flooring executives met at the 2023 Spring Board of Directors and Associate Member Meeting at Montage Palmetto Bluff in Bluffton, South Carolina, where they discussed the health of the resilient market, opportunities in supply chain—and the future of AI in manufacturing. 

Total comparable store sales decreased 15.4% versus the same period last year. Gross margin of 36.6% decreased 70 basis points as a percentage of sales, driven by $2.1 million in incremental costs related to customs delays on flooring products that contain PVC as a consequence of the Uyghur Forced Labor Prevention Act.

Floor & Decor CEO Tom Taylor said consumers are prioritizing value and savings and in-stock job lot quantities.

Although net sales in the first quarter of 2023 were 14% below the same period in the prior year, significantly due to a loss of volume in the mass merchant channel, the company reported strong gross margins driven by more efficient operations from its manufacturing plants during the quarter.