SIC 2426 Hardwood Dimension and Flooring Mills

Contenidos

• NAICS CODE(S).
• FURTHER READING.

SIC 2426

This classification consists of companies that primarily make hardwood dimension lumber and workings there from and other hardwood dimension, semifabricated or ready for assembly; hardwood flooring; and wood frames for household furniture. Companies that primarily make stairwork, molding, and trim are classified in SIC 2431: Millwork; and those making textile machinery bobbins, picker sticks, and shuttles are classified in SIC 3552: Textile Machinery.

NAICS CODE(S)

321918

Other Millwork (including Flooring)

321999

All Other Miscellaneous Wood Product Manufacturing

337215

Showcase, Partition, Shelving, and Locker Manufacturing

321912

Cut Stock, Resawing Lumber, and Planing

Hardwood flooring and furniture components make up the largest shares of output in this industry segment. The remaining output includes many items, such as skis, golf clubs, and tool handles. Wood blocks for bowling pins and textile machinery accessories, rounds or rungs for ladders, and spool blocks and blanks are also produced by this industry.

According the U.S. Census Bureau, there were 2,099 establishments manufacturing other millwork, including flooring, in 2004, with 43,843 employees earning an annual payroll of $1.37 billion. After increasing steadily throughout the late 1990s, the total value of shipments for millwork, including flooring, declined from $4.81 billion in 2000 to $4.74 billion in 2001, before rebounding steadily over the next few years, with shipments totaling $7.20 billion in 2005. Although the hardwood flooring industry remained healthy during the economic recession of the early 2000s, it did face increased competition from laminate products, which were considered more durable and less likely to scratch.

Since the health of this industry is tied closely to housing starts in the United States, the strong economy of the mid- to late 1990s had brought rising revenues. Even when the economy declined in the early 2000s, housing starts remained strong due to record low interest rates. In fact, housing starts, which reached a 25-year high of 1.84 million units in 2003, according to the National Association of Home Builders, have only continued to rise into the middle of the decade. More than 2 million housing starts were recorded in 2005, up from 1.96 million the previous year. This trend bolstered many segments of the construction industry, including hardwood flooring.

Among other trends propelling the...