US furniture market indicators generally positive, but cabinet sales slide

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The wood products manufacturing sector reported the strongest growth in April of all manufacturing industries, according to the Institute for Supply Management’s Manufacturing ISM Report On Business. The furniture industry also reported growth in April.

New orders in February 2018 were 5% higher than orders in February 2017, according to the latest Smith Leonhard survey of residential furniture manufacturers and distributors. Year-to-date furniture shipments were up 1% from last year.

Cabinet sales in March declined 1.7% from the same time last year, according to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey.

Year-to-date cabinetry sales through March 2018 were also down compared to the same quarter in 2017. Retail sales of furniture and home furnishings declined slightly in April from the previous month, but sales to date in 2018 grew 5.3% compared to the same time in 2017.

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