“The news from Ethan Allen and Haverty this week reinforces everything the sector has seen in the last few months, as furniture sales picked up just after Christmas and big-ticket home projects increased in January when home-improvement retailers started seeing increases in estimates for kitchen and bath projects,” Craig Johnson, President of Customer Growth Partners, and Roulston's Consumer Community Chairman, said in an interview with Dow Jones.
“Housing market turnover, which is starting to pick up, is driving increased sales at furniture and home-improvement companies, he said. People generally spruce up their homes either when they’re about to put them on the market or when they’ve just moved into a new house.”
“Housing market turnover, which is starting to pick up, is driving increased sales at furniture and home-improvement companies, he said. People generally spruce up their homes either when they’re about to put them on the market or when they’ve just moved into a new house.”
“Spending on home improvement and furnishings is improving despite 10% unemployment shows people with full-time jobs are starting to spend again, and since consumer spending makes up 70% of the economy and retail accounts for 45% of consumer spending, that has implications for the broader economy as well,” Johnson added
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