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.