STATS 2024: Housing woes, inflation keep soft surface in check
Floor Covering News
JUNE 25, 2024
Carpet’s double-digit decline in 2023 vs. 2022 comes as no surprise to industry followers who point to a confluence of factors—inflation/high interest rates, weak housing turnover, consumer reluctance to spend and the residual economic effects of the pandemic—with conspiring to undermine the soft surface segment. Yes, there were some peaks of sunshine in 2023.
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