Mar 1 2007
While home sales are expected to cool in 2007, the market supply for wood flooring is expected to remain hot as remodeling and home improvement activity helps drive the hardwood flooring market past $3 billion by 2010, states the Specialists in Business Information (SBI) consumer goods report.
Coveted for its rich, warm color and sense of comfort it brings to a home, hardwood floors have become a home owners' most valuable and long lasting home luxury. As home trends and styles change, hardwood flooring has proven to be both a durable and dynamic home flooring option since it never goes out of style.
According to the SBI report, oak flooring is predicted to maintain its place as the most popular wood flooring, accounting for more than 50 percent of the United States' market. Specialty woods, such as walnut, teak and cherry, though more expensive, are also expected to increase in popularity in 2007 as consumers look for rich, one of a kind woods distinguishable from traditional alternatives.
The popular and unique specialty woods come in a variety of dramatic designs that are distressed, brushed and stained unique colors to fit the décor of today's modern home.
"Hardwood flooring has maintained its popularity in the home improvement market for several years, due to the high resale value it adds to a home, its durability, ease of repair and its luxurious look," said Kelley Munoz, of West Coast Flooring Center. "We have seen a great increase in hardwood flooring purchases in our store."
From oak to walnut, hardwood flooring has the ability to endure the test of time and constantly changing home trends.