Will Housing Take Furniture Down With It?

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)

Andrew C. Brod, Director, Center for Business & Economic Research (Creator)

Institution

The University of North Carolina at Greensboro (UNCG )

Web Site: http://library.uncg.edu/

Abstract: 2007 has been a year of surprises for those who thought the housing sector had nowhere to go but up. The cautiously optimistic forecasts of a year ago were proven wrong, as each new release of housing data was more depressing than the one before it. The rule of thumb in home furnishings is that a fifth of all sales derive from a home purchase, so this is all pretty unsettling to retailers. Does the housing slump have the U.S. economy primed for a serious downturn, or are things less dire than they seem?

Will Housing Take Furniture Down With It?
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Created on 1/1/2008
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Additional Information

Publication

Brod, Andrew (2008). Will Housing Take Furniture Down With It? NHFA’s Home Furnishings Retailer. January 2008, 26-28

Language: English

Date: 2008

Keywords

Housing market, Furniture industry, Economic downturn

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