Monday 24 May 2021

HOW HOUSING TRENDS AFFECT THE HARDWOOD FLOORING MARKET


Both homebuyers and homeowners love the look and feel of hardwood floors. Shifts in the home trends affect that level of appreciation and boost the popularity of specific wood flooring.

Whenever the Housing Market Declines

Declining home markets make it tough to sell your property. And when houses aren't selling, most homeowners invest in home improvements. Upgrading from carpet to hardwood floors is one of the most popular home improvement jobs, increasing property value and improving the look and feel of a space. Homeowners also invest in exterior and interior upgrades to help their house stand out in a market that is flooded. This contributes to increased sales throughout the hardwood floors market, but those increases may only occur in certain product lines. Laminate and engineered hardwood floors price less than solid hardwood, but provide a similar upscale look. Homeowners looking to put their home up for sale at a declining housing market might be more prone to invest in these kinds of flooring to attain a greater return on their investment. Some types of hardwood flooring, such as bamboo and cork, are considered green alternatives. Homeowners seeking to improve their current house and have a better impact on the environment turn to these floor alternatives.

When the Housing Market is on the Rise

Improvements in the home market may also activate a rise in hardwood flooring earnings, as more homeowners demand the strength, durability and warmth of wood floors in their new home. A increase in new home building tends to be echoed by a rise in the overall hardwood flooring market. Mid- to high-end new builds frequently call for hardwood flooring, and many homeowners offer it as a reasonably priced upgrade. Upward trends in the housing market may also activate a spike in hardwood floors sales as homeowners invest cash into their property via home developments. Frequent upgrades include replacement vinyl and carpeting with luxury exotic hardwood floors such as Brazilian Black Tiger or even Asian Walnut Acacia. These products produce a fresh feeling for buyers moving into older houses and attract browsers into new builds.

Redecorating and DIY Trends

Redecorating is another home tendency that spreads into the hardwood flooring market. Popular television shows and websites influence the redecorating market, causing ripple impacts to move across the flooring industry. Lately these impacts have made waves from pre-finished hardwood floors, a product that provides an exceptional appearance and remarkable longevity. Quality pre-finished hardwood comes in a vast range of finishes, and will last the whole life of their home without any requirement for replacement. This attracts many interior designers and homeowners searching for a unique appearance and reliable products. The DIY trend continues to grow, and hardwood flooring producers and retailers are reacting with simple to install products. Just click lock engineered hardwood could be set up anywhere in the home with regular tools and limited skills. This housing trend has affected packaging and manufacturing within the hardwood floors market, allowing for greater choice for both DIY fans and hardwood flooring installers. The hardwood floors market remains closely intertwined with housing trends. As home markets move down and up, the demand for hardwood floors changes too. Through all of it, discerning homeowners recognize the worth of this quality goods and continue to opt for warm, attractive flooring.

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