Furniture
2015 Annual Price Notes
Data for 12-1 Household furniture is seasonally adjusted. Seasonally adjusted data for 12-2 Commercial furniture was not available
From December 2014 to December 2015 prices for 12-1 Household Furniture rose 3.1 percent. Previously, a 1.5 percent increase was seen for that index for the December 2013 to December 2014 period. The chart above shows steady increases for 12-1 Household Furniture over a ten year period. The 12-2 Commercial Furniture index, based on Not Seasonally Adjusted data, rose 2.9 percent from December 2014 to December 2015, and rose 5.1 percent from December 2013 to December 2014.
12-1 Household Furniture
A few legal developments occurred this year that altered standards …show more content…
Melamine, which is a chemical used to make laminate resins commonly seen in counter tops, doors and cabinets, made waves in the furniture industry this year. U.S. chemical producers filed a petition with the U.S. ITC seeking duties as much as 375 percent of imports from China, Trinidad and Tobago, that use the chemical …show more content…
Tempur-Pedic* 5. Select Comfort 6. Corsicana 7. King Koil* 8. Therapedic 9. Englander 10. Restonic 11. Kingsdown* 12. Symbol* 13. E.S. Kluft 14. Ashley Furniture inds. 15. Spring Air
* Companies actively repricing in the current cycle. Rankings are by estimated U.S. wholesale bedding shipments}
Forecast
According to Furniture /Today’s exclusive economic forecast, the bedding industry should anticipate a 4.1 percent increase in spending in 2016. A few factors used in the estimate include lower inflation, declining unemployment, increased consumer spending and disposable income. The forecast also predicts a 2.5 percent increase in the GDP, a 3.94 percent prime interest rate, and a continuing rebound for the housing market. Housing starts are forecast to rise 7.8 percent while existing home sales are forecast a 14.7 percent increase. Furniture store sales are expected to go up four percent. According to the December Consumer Confidence report by The Conference Board, “Strong job growth, a little pick up in wage growth, some momentum in the housing market, and even sustained low gasoline prices are all boosting consumer optimism and driving above average growth in consumer spending”
Courtne King
2015 Annual Price Notes
Data for 12-1 Household furniture is seasonally adjusted. Seasonally adjusted data for 12-2 Commercial furniture was not available
From December 2014 to December 2015 prices for 12-1 Household Furniture rose 3.1 percent. Previously, a 1.5 percent increase was seen for that index for the December 2013 to December 2014 period. The chart above shows steady increases for 12-1 Household Furniture over a ten year period. The 12-2 Commercial Furniture index, based on Not Seasonally Adjusted data, rose 2.9 percent from December 2014 to December 2015, and rose 5.1 percent from December 2013 to December 2014.
12-1 Household Furniture
A few legal developments occurred this year that altered standards …show more content…
Melamine, which is a chemical used to make laminate resins commonly seen in counter tops, doors and cabinets, made waves in the furniture industry this year. U.S. chemical producers filed a petition with the U.S. ITC seeking duties as much as 375 percent of imports from China, Trinidad and Tobago, that use the chemical …show more content…
Tempur-Pedic* 5. Select Comfort 6. Corsicana 7. King Koil* 8. Therapedic 9. Englander 10. Restonic 11. Kingsdown* 12. Symbol* 13. E.S. Kluft 14. Ashley Furniture inds. 15. Spring Air
* Companies actively repricing in the current cycle. Rankings are by estimated U.S. wholesale bedding shipments}
Forecast
According to Furniture /Today’s exclusive economic forecast, the bedding industry should anticipate a 4.1 percent increase in spending in 2016. A few factors used in the estimate include lower inflation, declining unemployment, increased consumer spending and disposable income. The forecast also predicts a 2.5 percent increase in the GDP, a 3.94 percent prime interest rate, and a continuing rebound for the housing market. Housing starts are forecast to rise 7.8 percent while existing home sales are forecast a 14.7 percent increase. Furniture store sales are expected to go up four percent. According to the December Consumer Confidence report by The Conference Board, “Strong job growth, a little pick up in wage growth, some momentum in the housing market, and even sustained low gasoline prices are all boosting consumer optimism and driving above average growth in consumer spending”
Courtne King