Exclusive Research: Economic Forecast for 2011
See details on consumer spending on furniture, bedding
Chris Schultz -- Furniture Today, January 18, 2011
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 • Unemployment • 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.