Summer is officially over and the Fall selling season has begun with a bang. Most reports we have gotten from around is that the Labor Day weekend was terrific. In fact many furniture retailers are indicating that business has been better than expected.
We are optimistic that the furniture industry is in for a very nice rebound. The election cycle is almost done and the uncertainty about who will govern the next four years will be decided in early November. The press and the political ads can focus on other topics which hopefully will allow the economy to gradually recover on its own merits.
If that occurs, we will see a continued rebound in housing with furniture gains right behind. Housing affordability just hit a two-decade high... making now one of the best times in the past 20 years to buy a new home. With interest rates low, we should see some housing begin to move again although the higher priced properties will need to be discounted in many areas before there is additional demand there.
Lower-priced homes will appeal to first-time buyers and cur?rent renters with deals that haven't been seen in 30 years in real estate. With the money saved, they can look to invest in new furniture. These folks are just getting started and will have lots of needs. That's why we are seeing great success from room packages with TV's and other gimmicks.
Even though times have been tough, it looks to be turning around so don't miss out on the great opportunities new home sales will provide for furniture retail. Plan for it, execute the plan, and reap the benefits this Fall and Winter with New Furniture for New Home Owners.