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From Home Furnishing Business

Fast Fact: 2nd Quarter Bedding Sales Down 9.7% Over Last Quarter 

Mattress industry sales totaled $3.71 billion in the second quarter, a 1.6% increase over the same quarter in 2018, according to preliminary estimates from Impact Consulting Services’ proprietary industry model.

Smith Leonard: Furniture Orders Down 3% in May

New orders in May were down 3% from May 2018 and 3% year-to-date. The decline in orders in May was the fourth consecutive month of declining orders, according to a report by the Smith Leonard accounting and consulting firm.

Smith Leonard: Furniture Orders Down 9% in April

New orders in April were down 9% from April 2018 and 3% year-to-date, according to a report by the Smith Leonard accounting and consulting firm.

Fast Fact: Majority of Homeownership Narrows to Families

After a rise in renter-occupied housing due to the Great Recession, data from the U.S. Census Bureau’s 2017 American Community Survey explores the changing profiles of both owners and renters. 

Fast Fact: In 2017, Half of Renters Above 25 Were 45 and Over

Fast FactThe Great Recession was a catalyst for many households choosing to rent versus buying a home. Now safely past the recession, data from the U.S. Census Bureau shows that the appeal of renting has not slowed down.

Smith Leonard: Furniture orders Down 3% in March

As somewhat expected, new orders dropped 3% in March from March 2018, according to a report by Smith Leonard accounting and consulting firm. This decline reduced year-to-date new orders to a flat rate for the full first quarter. 

Fast Fact: Renter-occupied Housing Units Jump 9.3% in 7 Years

Beginning with the Great Recession, the U.S. has seen a shift between homeowner and renters. Data from the U.S. Census Bureau’s 2017 American Community Survey shows renter-occupied housing is at its highest level in almost 50 years (36.2 percent of households) and up 9.3 percent 2010 to 2017. This compares to owner-occupied housing only increasing by 2.4 percent.

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