Unfinished domestic red oak and white oak strip flooring makers are seeing some of their best sales in five years, with companies experiencing higher sales volumes, scheduling regular overtime shifts and feeling more optimistic for fall sales, according to the Aug. 31 issue of Hardwood Review Express.
Unfinished domestic red oak and white oak strip flooring makers are seeing some of their best sales in five years, with companies experiencing higher sales volumes, scheduling regular overtime shifts and feeling more optimistic for fall sales, according to the Aug. 31 issue of Hardwood Review Express.
Prices for unfinished red and white oak strip flooring bottomed in September 2009 and then bobbed up and down until about March 2012, since when they have increased 12.5 percent and 10.7 percent, respectively. "In all likelihood," Hardwood Review Express wrote, "today's improved flooring sales and prices are the combined effect of improved remodeling activity, and lower flooring production levels, especially of unfinished strip flooring." To sustain demand, construction and remodeling activity must increase since, while low supplies are sufficient to spark a market upturn, supplies will eventually meet demand.
