Why the Interior Design Industry is the Biggest Investor in China
The interior design industry is a $3.2 trillion market in the U.S., with $1.2 billion in revenue, according to a new report from the Center for Responsive Politics.
The report found that while the industry generates $1 trillion in revenue worldwide, the U, at $2.6 trillion, accounts for about 80% of the total market.
But, the report noted, that market is not just for furniture.
Its growth has been driven by an investment in lighting and other technology, a shift toward smaller, cheaper home decor and a shift to indoor-only design.
The study, released Tuesday, is based on research from the center.
The industry is the second largest in terms of total revenue after retail, with an estimated $1,085 billion.
And its market share is growing fast, with revenue growing 25% year over year.
But its growth in revenue is slowing.
The sector saw revenue growth in the second quarter of 2017, but the growth slowed in the third quarter, according the report.
The report found the industry has invested more in lighting in the past two years than in any other three years, though that has slowed.
“The industry has done a better job of making sure it is able to get more lighting, but it has done more than enough to maintain the same price point,” said Michael J. Sperling, the study’s lead author.
It’s the same story with interior design, the survey found.
The Interior Design Association reported that the industry lost $845 million in revenue in the last year, a drop of $100 million from the same period last year.
The loss was the biggest of any industry segment.
But it was still a bigger loss than any of the other sectors surveyed.
The trade group’s survey, which was conducted between April 1 and May 28, also found that the most valuable home in the country, the Grand Hyatt Hotel in New York, had an interior design price tag of $2,800,000.
The priciest home in Los Angeles was the Beverly Hills home of Michael Ovitz and his wife, Beverly, which had a price tag at $4,600,000, according a survey by real estate agent and designer Richard M. Kohn of Kohn & Associates.
The average price for a home in New Orleans was $2 million, the least expensive in the nation.
In the last decade, the sector has invested heavily in building a “green” culture in the homes of the wealthy and elite, the researchers found.
They said this shift has allowed the industry to get cheaper.
“Our research suggests that the housing market has shifted towards the more affordable side of the market, and therefore, has benefited the residential interior design sector,” the report said.
Kohn said that while some companies have been able to “rebuild” their brands and attract consumers with higher prices, the industry is in a period of transition.
“We believe that this transition is already happening, and it will continue,” he said.
“People are trying to buy things that are more affordable, and we think that’s happening in the interior design business.”
The survey of more than 200,000 homes by the Center on Budget and Policy Priorities found that homes with an average price of $1 million or more are selling for between $5,000 and $10,000 more than homes with a median price of about $1 and $2 mil.
But the study found that in many cases, prices were driven down by buyers choosing to buy cheaper and higher-end homes.
In the last six months of 2017 alone, the average price dropped to $2m from $2mil.
And the average sales price of homes with median price over $2million has fallen to $3m from nearly $4million, the center reported.
Many consumers, however, said the industry’s price hikes have been offset by lower sales.
“I think it’s been really difficult for people to afford homes that have the size, the amenities, and the amenities of the homes they have bought,” said Stephanie T. Brown, a resident of the home she bought in 2006 for $1m.
“They’re not affordable to the amount of money that they’re spending.
It makes it harder to afford.”