Originally published in the January 10, 2011 issue of Furniture Today
Furniture Today polled industry analysts and economists to develop a forecast for 2011. Figures included in the report include:
• Consumer spending on furniture and bedding
• Housing starts
• Existing home sales
• New home sales
• Mortgage rates
• Real gross domestic product
• Consumer price index
• Personal disposable income
• Prime interest rate
Furniture/Today’s 2011 Economic Outlook Survey was compiled by Furniture/Today’s market research team.
Data for the forecast came from Budd Bugatch, Raymond James; Jerry Epperson; Mann, Armistead & Epperson; Ken Smith, Smith Leonard; Bank of America Merrill Lynch; Fannie Mae Economics and Mortgage Market Analysis; Federal Reserve Bank of Chicago; Federal Reserve Bank of Philadelphia, The Livingston Survey; Federal Reserve; Freddie Mac; Kiplinger; Mortgage Bankers Association; National Association of Home Builders; National Association of Realtors; RBC; TD Economics; The Conference Board; The PNC Financial Services Group; University of Michigan, Research Seminar in Quantitative Economics (RSQE); U.S. Census Bureau; U.S. Department of Commerce, Bureau of Economic Analysis; U.S. Department of Labor, Bureau of Labor Statistics; and Wells Fargo.
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