Household Furniture And Its Effect On The Furniture Industry Essay
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 and practices for the furniture industry. The Department of commerce rescinded its annual administrative review of the duties for 109 Chinese bedroom furniture producers, according to the Federal Register. Included in those companies are Pier 1 Imports, which will no longer be required to charge duties for their jewelry armoires, and Ethan Allen, for specific chests.
According to the American Home Furnishings Alliance, additional federal standards are expected to go into effect in 2016, altering regulations concerning formaldehyde levels in composite wood panels made of MDF, particle board and hardwood plywood and other similar finished products containing formaldehyde. Melamine, which is a chemical used to make laminate resins commonly…