Thursday, June 16, 2011

Floor Covering News: Ceramic practices patience during slow recovery

Louis Iannaco in Floor Covering News has an interesting story about the ceramic tile situation during this slow economic recovery:

...The consensus among executives currently has commercial sales representing approximately 40% of the total ceramic tile market, and most saw this trend continue during the first quarter of the year with commercial actually outperforming residential.

As Bettiga noted, bidding is slowly improving and the second half of 2011 and first half of 2012 will result in slight increases for our members in work. “Backlogs (future projects) are definitely healthier compared to a year ago. The companies that are surviving are being flexible, ready to work in areas outside of their normal comfort zone, such as traveling, partnering with other contractors on projects, and diversifying their offerings into specialized niches such as maintenance, restoration, remodeling, etc.”

There is a sense that the field has been “cleansed to some degree,” he added, “and those who have stayed fluid and financially healthy are poised to reap the benefits in the next 12 to 24 months.”...

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