– The article revealed two key factors that are keeping potential homebuyers on the sidelines: increasing furniture costs and supply chain issues.
– It highlighted the surge in furniture costs, marking a 12% increase overall in the past year, primarily driven by higher raw materials costs, labor issues, and rising shipping fees.
– Furniture suppliers and manufacturers are grappling with supply chain disruptions due to the pandemic, causing a long, undetermined waiting period for furniture delivery.
– This waiting period has discouraged many homebuyers who expect to furnish their new homes immediately.
– The article also noted that this situation has been advantageous for second-hand furniture retailers and rental businesses, which are seeing a boom in demand.

Supply Chain Issues & Rising Costs–A Double Whammy for Homebuyers

Rising Furniture Costs and Supply Chain Disruptions: Key Deterrents for Homebuyers

The Silver Lining: A Boom in Second-Hand Furniture Market and Rental Businesses

In this era of uncertainty, many prospective homebuyers are putting their dreams on hold due to skyrockets in furniture prices and frustrating supply chain hiccups. The significant 12% hike in furniture costs over the past year is further intensified by labor issues and increasing shipping fees, making furnishing a new home seem like a distant and pricey dream for many. On top of all these challenges, the ambiguity surrounding delivery dates has made the wait seem endless. However, every cloud has a silver lining. This turbulent scenario has created a prosperous market for second-hand furniture retailers and rental businesses. Their success signifies a resourceful shift in consumer behavior, possibly redefining the landscape of the furniture industry in the times to come.

originial article https://www.furnituretoday.com/?p=318113

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