Dalton—Mohawk Industries announced it will raise prices by an average of 6% on select hardwood flooring and accessories in the Columbia and Century brands, effective on all orders and shipments made on or after July 5.
Mill executives attributed the raise to the continued escalation of lumber and transportation costs. Over the last two years, U.S. economic conditions have caused saw mills to reduce capacity and lower supply to the market, as well as go out of business altogether.
“This is a classic example of supply and demand economics; there is more demand than there is supply,” said Roger Farabee, vice president of marketing for Mohawk Hard Surfaces and Unilin Flooring. “As the market starts to pick up, everyone is scrambling for raw materials. There’s just not enough out there to meet our needs, but we hope the increases stop when more players re-enter the market.”
For more information, call Mohawk at 706.629.7721 or visit online at mohawkind.com.