House furnishing and interiors: US Millennials & Baby Boomer give a boost 2017 interior and decoration sectors

The movement is convergent. On the one side, the Millennials (those born after 1980) that finally can put behind the economic recession, and can start a family or just emancipated from their parents. On the other, Baby Boomers (those born between 1945 and 1964) decide to renew the house, perhaps by buying chairs and semi-mechanised sofas. According to a study by ASID (American Society of Interior Designers), over 55 Americans, if they were a State to themselves, they would be the third-largest economy behind the US and China. The forecast outlines the fact that, in the coming years, they will spend 9.9 trillion dollars on house refurbishing/renovation according to a paper published by High Point Market, an organisation body in North Carolina who organises the largest US furniture fair. Back in September 2016, according to a report Insights supplies, the domestic market was up 14% YoY. The outlook for 2017 is optimistic: “It could be the best of the last ten years.”

PREMIUM CONTENT

Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now
×
Sei un nuovo utente? Abbonati/Registrati