Michael Randles, owner of M&M Mortgage Corp. in Georgia, spent more than $50,000
to buy a 60-foot Norway spruce, truck it from Sugar Mountain
Nursery in Newland, N.C., and decorate it with 30,000
lights and 500 red and gold basketball-size ornaments.
“Without the year I’ve had in my business, I would not have
been able to afford it,” said Randles, who also has a
shorter tree inside his house.
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U.S. homeowners are buying bigger, more expensive Christmas
trees, and some are taking home a second or third tree, according
to growers. Executives at Home Depot Inc., the world’s largest
home-improvement chain, and analysts say the trend may signal a
recovery in consumer confidence and rising holiday-season sales.
“Tree buying is a bellwether of sorts for other holiday
retail activity,” said Rick Dungey, spokesman for the National
Christmas Tree Association. Sales of Christmas trees will rise as much as 25 percent
this year to 28 million, after three years of decline, according
to the National Christmas Tree Association, which represents
growers.
Bloomberg News
