Rebound in Housing & Reshoring Improve Appliance Market

摘要

From September 2005 to February 2013, the annual rate of change in appliance production contracted. Year over year, the U.S. manufactured fewer and fewer appliances. This nearly eight-year recession in appliance production was primarily the result of a housing market that began to soften as early as the fall of 2004—long before the housing bubble was on almost anyone's radar—and secondarily the result of offshoring of appliance production to take advantage of cheap foreign labor.