May existing home sales fall 2.8% from May 2023
Despite rising inventory levels, home prices continue to rise, placing existing homes out of reach for many first-time buyers WASHINGTON — Existing home sales fell …
Author: Thomas Russell
Home News Now Editor-in-Chief Thomas Russell has covered the furniture industry for 25 years at various daily and weekly consumer and trade publications. He can be reached at tom@homenewsnow.com and at 336-508-4616.
Tough times result in tough measures for a challenged industry
Rising container costs result in actions including freight surcharges and price hikes HIGH POINT — Rising container rates that are occurring in a still slow …
Remembering Tom Lias
Many mourn a figure they described as not only passionate about the industry, but one who also was empathetic in the way he interacted with …
Mark Thatcher named president of Malouf Home
Former president Eric Holmstead is now head of merchandising and global souring LOGAN, Utah — As part of a restructuring announced this week, Malouf Home …
May housing completions rise slightly from May 2023
However, building permits and housing starts decreased during the same period, indicating continued softness in some new development WASHINGTON — May housing completions rose slightly …
Furniture Manufacturing Expo offers a glimpse into state of industry
Hoping for a rebound early next year, many suppliers offer solutions for manufacturing and retail partners that are seeking efficiencies and ways to cut costs …
Inside the Furniture Manufacturing Expo
HICKORY, N.C. This past week, Home News Now attended the annual Furniture Manufacturing Expo where it got to visit with a number of suppliers to …
May furniture store sales fall 6.8% from May 2023
Sector remains the worst performing of retail segments tracked by the government as consumers continue to pull back spending on some big-ticket purchases WASHINGTON — …
Arhaus opens 2 newest stores in California
New showrooms at The Grove in Los Angeles and The Beacon La Costa in Carlsbad are the company’s 11th and 12th locations in the state …
La-Z-Boy reports strong finish to Q4, fiscal year
Despite ongoing challenges in the housing market, the company remains profitable and maintains an operating cash flow of $158 million MONROE, Mich. — Citing a …
