Hardwood Flooring

We have seen alot of increasing prices in hardwood recently. New duties and customs fees are impacting prices of imports, making the US and Canada that much more competitive. The new harmoized tariff seems to be bad for flooring consumers.

I would expect prices to continue to increase for the rest of this year as the Chinese government reduces export VAT credits (which increases prices) and tariffs continue to increase (which increases prices) as product hits the US and shipping surcharges are hitting again (whcih increases prices). You get the gist.

The good news is short term at least consumers can buy flooring at lower prices than those that I would expect to see in the fall.

So at least this message gives folks fair warning.