Housing market hits bottom

摘要

In 2002, the U.S. was on the cusp of a booming housing market and the flooring industry celebrated sales of $20.47 billion.Moving forward, in 2005, flooring industry sales hit $25.38 billion and peaked in 2006 at $25.68 billion."Volume and mix were great," said Ed Duncan, senior vice president of marketing for Mannington. "Builders couldn't build fast enough and consumers didn't blink at upgrades or remodeling projects," he added.Aaron Pirner, CEO of Wichita, Kan.-based CAP Carpet, said that the market high and consumer confidence led people to reach deeper into their pockets to make higher-end purchases.