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MARKET BEATS 7
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US Furniture Market Insights places were up 3.8 percent from May 2023.

Sales at furniture and home furnishings stores were down
0.1 percent in May 2024 from April 2024 on a seasonally-
According to report from Smith Leonard, advance estimates of adjusted basis, and down 6.8 percent from May 2023.

US retail sales for May 2024, adjusted for seasonal variation
and holiday and trading-day differences, but not for price Home sales in US
changes, were $703.1 billion, up 0.1 percent from the previous Existing-home sales in US slightly declined in May as the
month, and up 2.3 percent above May 2023. median sales price climbed to a record high, according to
Total sales for the March 2024 through May 2024 period the National Association of Realtors.
were up 2.9 percent from the same period a year ago. The In the four major US regions, sales slid month-over-month
March 2024 to April 2024 percent change was revised from in the South but were unchanged in the Northeast, Midwest
virtually unchanged to down 0.2 percent. and West. Year-over-year, sales rose in the Midwest but
Retail trade sales were up 0.2 percent from April 2024, receded in the Northeast, South and West.

and up 2.0 percent above last year. Nonstore retailers were Total existing-home sales – completed transactions that
up 6.8 percent from last year, while food services and drinking include single-family homes, townhomes, condominiums and

ROOTED IN EXCELLENCE. DRIVEN TO SERVE.

ENQUIRY NO. 802