From Home Furnishing Business
FastFact: Consumer Spending on Housing, Furniture Not Keeping Pace
Consumer spending on housing and home furnishings made up 21.6% of total consumer spending in the first quarter of 2017 – one percent below the total in 2009, according to data from the Bureau of Labor Statistics.
The data showed that, with the exception of televisions and appliances, home furnishings products generally have held their own since the Great Recession ended.
Home furnishings spending has been held in check largely by healthcare expenditures, which jumped from 21% total consumer spending in 2009 to 22.5% in the opening quarter of 2017.
For a detailed look at the numbers, click here.