Almanac Market Data

Wood Industry Almanac 2016-2017 market drivers: Residential Furniture

The residential furniture industry continues to display slow, but steady signs of improvement, with the year-to-date figures from Smith Leonard’s Furniture Insights showing a 1% gain in new orders over the first 8 months of 2015, and shipments holding about even. We also continue to see a number of manufacturers expanding and/or reshoring, particularly on the upholstered side, due in part to a desire for fast delivery and customization.

Almanac Market Data

Woodworking industry infographic: From forest to final market

Infographic: The secondary wood products manufacturing industry includes custom wood interiors firms and, often larger scale, production wood manufacturing companies, both servicing the commercial as well as residential markets. Despite constant competition from low-cost imports, woodworking continues to rank among the top 20 industries in North America.

Almanac Market Data

Wood Industry Almanac 2016-2017 market drivers: Windows & Doors

Window and door demand, overall, is projected to grow over the next few years, particularly in the U.S. residential arena. According to research analyst The Freedonia Group, this segment is projected to rise 6.0% per year through 2020 to $25.6 billion, with continued growth in new housing and remodeling boosting demand.

Woodworking Industry News

Residential furniture orders post double-digit gains

Residential furniture orders posted double-digits gains in September, moving up 14 percent compared to the year prior, and 19 percent higher than August orders, according to the latest Furniture Insights survey of residential furniture manufacturers and distributors from Smith Leonard. This is the second straight month that's seen growth in the industry.