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Carpet Sales

Carpet sales in the United States boomed during the early part of the decade. This was largely a result of the dot come and housing bubbles that dominated the economic landscape at the time. During the housing bubble in particular, US consumption of all construction supplies was voracious.

Carpeting was an especially popular item due to the proliferation of house flippers. In flipping a house, a buyer would purchase a damaged property, come in and renovate, and then sell the property at a much higher value than they bought it for, turning a profit without ever actually owning the house. Carpet was a popular sales item for home flippers because it had a high rate of return. The value a home went up with new carpeting was much more than the value of the carpet itself.

Because of this carpet sales were very high from the period of about 2004-2007. When the housing bubble burst in 2007 carpet sales dropped along with the rest of the housing and construction industries. The 2008 figures show a significant decline from the previous years, and the industry will be a while returning to its previously inflated levels.

 

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