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Furniture Today's Economic Forecast for 2012

2% growth expected in 2012

Jay McIntosh -- Furniture Today, January 9, 2012

Furniture Today polled industry analysts and economists to develop a forecast for 2012. 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 2012 Economic Outlook Survey was compiled by Furniture/Today's market research team. For the complete report, see the 09 January print issue of Furniture Today, or click here to see the exclusive electronic report.

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; Mortgage Bankers Association; National Association of Home Builders; National Association of Realtors; RBC; TD Economics; The Conference Board; 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; Wall Street Journal and Wells Fargo.

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