Once again, the results of our latest survey of residential furniture manufacturers and distributors were not very pretty, yet somewhat in line with expectations.
October's 30% drop marks the 10th straight month of year-over-year double-digit declines, according to the latest issue of Furniture Insights produced by Smith Leonard.
New residential furniture orders decreased 34% compared to August 2021 figures, marking the eighth straight month of year-over-year double-digit declines, according to the latest issue of Furniture Insights produced by Smith Leonard. Orders were down for 84% of the survey participants.
July marks seven straight months of year-over-year double-digit declines according to the latest issue of Furniture Insights produced by Smith Leonard. Just 12% of participants in the survey reported an increase in new orders for the month.
New residential furniture orders in April continued to slide, marking a fourth straight month of year-over-year double-digit declines according to the latest issue of Furniture Insights. However, compared to April 2019 orders grew by 4%.
TEMPE, Ariz. — Furniture orders are down according to recently released studies such as one by Smith Leonard, and the Manufacturing ISM Report On Business.