In times like these it is important to take the broader view of the 24.18 billion dollars flooring industry and recognize that the long-term demographics for housing are sound, that the greatest transfer of wealth this country will ever see will occur over the next 10 to 25 years, thereby fortifying the housing market for another generation. Those only concerned with the present and near-term future will have to bite the bullet, for 2006 was a tough year for flooring - with the fourth-quarter performance especially painful for sectors like hardwood, which saw a 15.2-percent drop in square-foot sales in the final three months.
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