A rising tide lifts all boats, but one particular wave has lifted all boats.
The latest data from the Bureau of Labor Statistics showed home furnishings sales jumped by 0.5% in the final quarter of 2016, the lowest quarterly growth since 2010.
Sales of home furnishments fell in all but one category of home goods, the most important categories, in the third quarter.
In all, home furnishens sold 4.1 million items, down 2.5%.
Sales of non-home-equity products dropped by 0% in Q3 2016, with only furniture down.
The bureau also released new data on retail sales, which shows sales of home-equivalent goods, including furniture, fell by 0,6% in 2017.
Home-equivalents sales are comprised of goods that aren’t sold to consumers, such as kitchenware, bathroom fixtures and home appliances.
In 2016, they accounted for about 3% of home sales.
But home-based sales are a more popular category than non-homemade goods.
Home-equities sales in 2017 totaled $1.3 trillion, up 9.7% from 2016, according to the bureau.
That means non-homes and other non-household products accounted for more than half of home products sales in the fourth quarter, up from 46% a year ago.
That’s a big difference from the first three quarters of 2017, when home-related sales were down by a whopping 22%.
In the first five quarters of the year, home-oriented sales were up 21%.
The bureau has been keeping an eye on how much consumers are buying at home and how they spend their money.
It has said that in 2017, more than 6 million more Americans than last year spent on purchases of nonhome-related goods.