ReportsandReports – Floor Coverings Quarterly Update
The decline in the $20 billion (manufacturers’ dollars) U.S. floor coverings market accelerated in the second half of 2008 and dropped at even sharper rates in the second half of 2009, as the domestic economy went into a severe recession. The drop in 2009 will be the fourth consecutive year of declining sales. This unprecedented industry contraction reflects the 39.0% drop in total U.S. housing demand, the deep cut in U.S. household wealth, and the recent downturn in nonresidential markets...
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