Paced by the Northeast, existing home sales grew consistently throughout the country last year, according to data from the National Association of Realtors.
While the growth rate for existing home sales slowed in 2016, unit sales approached levels attained prior to the Great Recession, according to data from the U.S. Census Bureau and the National Association of Realtors.
Factory orders for residential furniture rose 7% in April, marking the eighth time in nine months that orders were ahead of the same month in the prior year, according to the latest survey from the accounting and consulting firm Smith Leonard.
High-end manufacturer Theodore Alexander has named Jackie Paulsen to the newly created post of chief marketing officer.
Buoyed by its custom upholstery business and improvements at company-owned retail stores, Bassett Furniture Inds. (NASDAQ: BSET) said sales and profits were higher in the quarter ended May 27.
Home furnishings and décor retailer Pier 1 Imports (NYSE: PIR) cut its net loss to $2.99 million or 4 cents per share in the quarter ended May 27 as the company boosted gross margin and benefitted from several other operational and merchandise improvements.
Millennials are the most likely segment of the population to spend their tax refund money on a major purchase or “splurge” of smaller purchases, according to a survey conducted by GoBankingRates.com.