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Furniture Industry Posts Strong Q4, Forecasted to Grow in 2024

December was the strongest month of 2023 for furniture sales




Photography: iStock/ themorningglory

Furniture sales in 2024 is forecasted to grow +3 percent in total, according to a survey conducted by Piper Sandler in partnership with the Home Furnishings Association. Also included in the survey were strong Q4 earnings improving from Q3, with December being the strongest month of 2023 for sales. 

This is an indication of the industry stabilizing, according to Piper Sandler, and there is potential for sales gains to accelerate later in the year. 

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