The luxury vinyl flooring market is experiencing rapid expansion in 2025, driven by shifting consumer preferences, technological advancements, and sustainable building practices. With an estimated market value of $25.37 billion in 2024 and a projected compound annual growth rate (CAGR) of 5.5% through 2030, vinyl flooring is solidifying its position as a versatile solution for both residential and commercial spaces.

Hardwood Flooring ROI is a key factor for homeowners considering flooring upgrades. According to a 2023 Today’s Homeowner report, new hardwood floors offer a 78% return on investment (ROI), making them a high-value renovation. Additionally, the National Association of REALTORS® (NAR) found that installing new hardwood flooring has an ROI of 118%, proving its worth as one of the best remodeling investments.

There's a lot to consider when deciding between hardwood vs. vinyl for your home’s flooring. Both offer unique advantages, and the choice depends on your lifestyle, budget, and preferences.

By 2031, analysts expect the hardwood flooring market to become an $89.3 billion industry. As of present-day 2022, the hardwood flooring industry already employs 45,000 people.

Looking for your 2023 flooring? There is one question people tend to have when considering investing in new flooring. When is the best time to buy? Or does it have any influence at all?