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From Home Furnishing Business

FastFact: Furniture, Other Durable Goods See Steady Price Declines

Prices for durable goods, which include furniture, appliances and electronics, have declined steadily since 2012, according to data from the Bureau of Labor Statistics.

FastFact: Q3 Housing Starts Don’t Keep Pace with Existing Home Sales

Despite strong existing home sales, housing starts grew at a very sluggish pace in the third quarter of last year, according to data from the U.S. Census Bureau.

FastFact: New Home Sales Surge, but Sales of Existing Units Fall in Q3

A slight drop in existing home sales in the third quarter was more than offset by a 23.1% gain in sales if new single-family homes, according to data from the National Association of Realtors.

FastFact: Jobless Rate Low, but Consumer Confidence Stagnant in Q3

Unemployment remained low, but stagnant consumer confidence levels may help explain sluggish home furnishings sales in the third quarter.

FastFact: Sluggish GDP, Employment Growth Hamper Furniture Sales

A slowdown in Gross Domestic Product growth and employment growth has contributed to lackluster furniture sales -- particularly in the third quarter of 2016 -- according to data from the Bureau of Economic Analysis.

FastFact: GenX Furniture Spending Surges in 2015

Generation X, a demographic group often overlooked by marketers, registered a dramatic increase in spending on home furnishings in 2015, according to data from the government’s Consumer Expenditure Survey.

FastFact: Often-Overlooked GenX in Midst of Prime Buying Years

Generation X, sometimes dubbed the “Baby Bust Generation,” is in the midst of its prime buying years and currently support more than half the nation’s children under age 18, according to data from the U.S. Census Bureau.

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