After lagging behind other sectors in the recovery, home improvement and housing are finally positioned to take off, Mohawk Industries CEO Jeffrey Lorberbaum told CNBC on Wednesday.
"All the things are in place for the industry to do better. We have people working more. We have low interest rates. We have housing prices going up. We have more activity going on in business, so we're really optimistic about the future this year," he said in "Squawk Box" interview.
The home improvement industry is typically a leading indicator in recoveries, but this time it has been at the tail end of the upswing as housing prices remained depressed, he added.
Mohawk stock rose to all-time highs last week after the flooring manufacturer reported strong fourth quarter earnings that topped analyst's expectations.
Shares of Mohawk are up about 18 percent this year, compared with broader S&P 500 growth of 2.75 percent during the same period.