Consumer confidence, which improved in June, increased again in July, the Conference Board announced today.
It has been a long, grueling journey since the 2009 recession when sales for the home furnishings industry hit rock bottom, but home furnishings sales have now crossed the finish line with a photo finish to prove it.
The National Retail Federation has calculated that June retail sales, which exclude automobiles, gas stations and restaurants, increased 0.5 percent seasonally adjusted month-to-month and 3.9 percent unadjusted year-over-year.
An early Spring High Point Market helped drive a 13 percent jump in April for new furniture orders compared with the same month last year, according to the latest Furniture Insights survey.
Stanley Furniture is featured in a story by the Wall Street Journal that examines the challenges companies face when looking to boost domestic production.
Consumers are more confident than they have been since Jan. 2008 prior to when the big recession hit full force.
Furniture shipments increased 3.97 percent in 2013 compared with 2012, when they increased 6.34 percent over 2011, according to High Point accounting and consulting firm Smith Leonard.