Furniture Prices to Increase This Summer

Because of increased costs in raw materials, labor, and container shipping, some companies are set to increase the prices of their goods over the summer. A number of case goods and upholstery companies will raise their product prices effective July 1st through August.

The companies raising the prices of their goods include Magnussen Home, Ligo Products, Flexsteel, American Drew, Lea Inds., Hammary, Legacy Classic, and Universal. Most of these companies will implement a single-digit percentage price increase. Other companies may have to raise prices after the summer.

Raw materials which have increased in price include cardboard, steel, and wood such as pine, Appalachian red oak, ash, cherry and maple. Other companies cite freight, packaging costs, and increased cost of labor in Asia as their reasons for increasing the cost of their furniture products.

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