Retail sales at furniture and home furnishing stores in May were the highest they’ve been in six years, reaching a seasonally adjusted $8.55 billion, according to the U.S. Commerce Department’s just released report. The growth can be attributed to a number of factors, including recovery in the housing sector, an improved economy and consumers’ willingness to spend again, even on big-ticket items.
But industry experts contend that the furniture a
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.