Many people prefer the natural beauty of wood flooring. Several species, including oak, maple, and tamarind, are available for your floor. These types of floors also come in different widths, stain colors, and finishes. They are available for both new and old homes. This type of flooring is an excellent choice for both commercial and residential properties. But the real appeal of wood flooring is its character. Its warmth and charm make it a favorite among homeowners.
While traditional wood flooring is expensive and requires more maintenance than other types, this type is still considered the best choice for many people. Not only are individuals redecorating their homes using it, but professional contractors and average homeowners alike also use it for their flooring projects. And, big national homebuilders are also a major user of this type of flooring. In fact, D.R. Horton, the largest homebuilder in the United States, and Toll Brothers are two of the leading luxury home builders.
The wood flooring industry is closely linked to the remodeling industry, which is driven by increased home values. As the median home value increases, the homeowner’s ability to obtain financing for renovation projects increases. From 2000 to 2005, the median home value rose by 32 percent, which drove the growth in the residential remodeling market. Consequently, the wood flooring market was expected to slow down for the next few years. While the current market is still growing, there are certain factors that can affect the price of wood.