Like many industries, the floor covering retail & wholesale distribution industry has been greatly effected – in both positive and negative ways – by the pandemic. With increased spending from consumers on home remodeling projects and growth in new housing starts, the industry was valued at $24.8 billion in 2021, a 4.9% increase from 2020.1 With approximately 73.3% of Revenue being driven by residential sales, the industry has benefitted from increased private spending on home improvements, which peaked at $250.5 billion in 2021.2
