Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
   
issue: June 2010 Market Report: U.S. Appliance Unit Shipment Statistics Monthly


U.S. Appliance Shipment Statistics Monthly: June 2010


 Printable format
 Email this Article
 Search

To view the full report, please click here.

U.S. APPLIANCE INDUSTRY FACTORY UNIT SHIPMENT OVERVIEW

The appliance industry in the United States continues to show strong signs of recovery. Appliance factory unit shipments are largely up for the year – significantly so in most major appliance categories.

Sales in electronics and appliance stores are also up for this year. Sales were $8.54 billion in April 2010, down slightly from $8.57 billion during March 2010 but up from the $8.23 billion recorded in April 2009, according to data from the U.S. Census Bureau (census.gov).

However, not every indicator is positive, and overall economic uncertainty lingers. This, coupled with the unknown impact of the recent ending of two federal stimulus initiatives, leaves the U.S. appliance industry hopeful, although feeling somewhat insecure.

HOUSING'S IMPACT

Home sales have demonstrated inconsistent but generally positive movement in 2010. Although the end of the U.S. 2010 Home Buyer Tax Credits may hurt the housing market overall.

Home sales are a primary factor in the success of the appliance industry. Home builders buy new appliances, naturally, to equip their new homes. Even consumers who move into an existing home often use that opportunity to buy new appliances.

The Home Buyer Tax Credits expired on April 30, 2010. To qualify for the tax credit, buyers needed to sign a contract on a home by that date, with closing no later than the end of June 2010. Much speculation has concentrated on the impact that the tax rebates had on housing’s mostly positive but fitful performance so far during this year.

The appliance industry’s concern: if the tax credit was indeed a significant factor in spurring home sales, will post-tax credit home sales dwindle and cut into the strong factory unit shipments that the industry has enjoyed so far in 2010.

A survey from Prudential Real Estate and Relocation Services Inc. (prudential.com), conducted in mid-April, suggests home sales will not be significantly adversely affected. One thousand Americans between the ages of 25-64 years with at least $35,000 in household income were surveyed. Among consumers actually shopping for homes, 65% said the end of the tax credits will have little or no effect on their interest in purchasing a home.

National Association of Home Builders(nahb.org) Chief Economist David Crowe pointed out that a jump in U.S. housing starting in April was likely not due to the expiration of the home-buyer tax credit. Writing in NAHB’s Eye on the Economy, Mr. Crowe noted that in order to get the tax credit, the homes would have to close at the end of June. That would allow for just three months of construction time instead of the average of five months.

Builder optimism continued to grow in April, according to the May NAHB/Wells Fargo Housing Market Index (HMI), which was up three points from 19 to 22. This performance reflected the second monthly increase in a row.

To view the full report, please click here.

 

Daily News

...........................................................

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows