Extended Remodeling Slowdown Hits Flooring Industry, Mohawk Says -- Market Talk

Dow Jones
Oct 25, 2025

1252 ET - The remodeling downcycle has now lasted more than three years, serving as an extended drag on the flooring industry, says flooring manufacturer Mohawk Industries. "Across our geographies, consumer uncertainty continues to limit discretionary spending on large projects, particularly if financing with debt is required," says Chief Executive Jeffrey Lorberbaum on the company's earnings call. Meanwhile, a stagnant housing market has reduced new construction activity and taken away the company's principal remodeling customers. The company says U.S. consumers spend five times as much on remodeling their flooring in the first year after buying a home compared with non-movers. (nicholas.miller@wsj.com)

 

(END) Dow Jones Newswires

October 24, 2025 12:52 ET (16:52 GMT)

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