Lancaster, PA, Jan. 16, 2013 -- Armstrong said it is raising prices up to 10% in the U.S. and Canada on all solid hardwood flooring products, effective March 1.
The continued escalation of lumber prices has required Armstrong to revisit market pricing on solid wood flooring, the company said.
“Lumber prices are rising more rapidly than our previous expectations. As the housing market continues to improve, we anticipate these higher costs to continue as fewer sawmills try to keep up with the increased demand,” said Kevin Biedermann, senior vice president, Armstrong Residential Floor Products.
“Armstrong continues to work at manufacturing productivity improvements and cost reduction programs to offset higher costs, but cannot keep pace with the sustained increases.”