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From Home Furnishing Business

Fast Fact: Housing Shortage, Decline of Construction Workers

Numerous factors have converged to create a housing shortage in the U.S., one of which is the lack of construction labor.

Fast Fact: Housing Inventories Continue Downward Spiral 

Housing inventories across both rentals and homes for sale continue to decline well after the recession, according to data from the U.S. Census Bureau’s Current Population Survey/ Housing Vacancy Survey.

Hooker Furniture, Hooker Brands’ Drive 9% Sales Gain

Hooker Furniture (NASDAQ: HOFT) has reported consolidated net sales of $171.5 million, an increase of $13.5 million, or 8.6% compared to a year ago, for its fiscal 2019 third quarter ended October 28, 2018.

Abbyson’s Holiday Weekend Sales up 66% Over 2017

Lifestyle brand Abbyson, a resource for upholstery, casegoods and accessories, has announced successful Black Friday and Cyber Monday sales last month, increasing sales volume 66 percent over 2017 and recording more than 20,000 shipments during the holiday weekend.

Fast Fact: Housing Starts Struggle to Keep Up with Demand

Low housing inventories and rising home prices and rental rates are locking out new home buyers and stymieing moves at a time when the economy is growing and employment is high.

Fast Fact: Internet Sales, 8.6% of Total Retail Sales in 2017

Factoid 20181126Internet sales of all consumer products from all retail types of outlets, whether brick and mortar or e-commerce companies, are estimated to have reached $437.5 billion in 2017, according to data from the U.S. Census Bureau and the proprietary market model from Impact Consulting, parent company of Home Furnishings Business.

Fast Fact: Furniture Industry, E-commerce Retailer Sales Skyrocket 486% in 11 Years

ffE-commerce retailers continue to rise in the furniture industry as many brick and mortar stores are searching for strategies to compete with giant online retailers.

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