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- Carpet: State of the industry—Higher-end goods boost residential end of the market(1)
Carpet: State of the industry—Higher-end goods boost residential end of the market(1)
Carpet: State of the industry—Higher-end goods boost residential end of the market(1)
After a slow start to 2017, the residential carpet category gained some traction in the second quarter, resulting in a 2% rise in sales over the year-ago period, with units up 0.5% overall in the first half. Executives cited sales of better goods, an uptick in consumer confidence and price increases that have firmed up the marketplace.
The U.S. carpet category continues its ever-so-slight recovery from the Great Recession, its growth held in check by hard surfaces. “We have seen patterns, loops and differentiated product at the upper end doing disproportionately well and outperforming the medium end of the market,” said Tom Lape, president of Mohawk Residential.
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