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From Home Furnishing Business

CEO Summit Consensus, Tariffs Likely to Spread to Vietnam and India

During last month’s Las Vegas Market CEO Summit, high-level keynote speakers agreed that the trade war is about much more than China and the problems are likely to spread to other home sourcing nations like Vietnam and India.

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. 

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