From Home Furnishing Business
Impact Consulting Reports New Residential Construction Decline
The furniture industry, which is heavily influenced by the ups and downs of the housing market, may have temporarily turned a blind eye to the poor economic news released this week on new housing construction.
Data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development shows housing starts down 12.3 percent, building permits down 2.2 percent, and housing completions flat from May to June.
To read more on the impact to the furniture industry, click here.