August cabinet sales dip YOY, but up from July: KCMA report

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RESTON, Va. – Manufacturers reported a drop in overall cabinet sales for August, down 1.2% compared to the year prior, with stock cabinet sales accounting for the decline. In a month-over-month comparison however, August's overall cabinet sales rose 3.3% compared to July figures, with all three segments showing gains, according to the Kitchen Cabinet Manufacturers Association's August Trend of Business report

Survey respondents reported overall sales of $237.577 million for August. In the year-over-year comparison, custom sales were up 1.2% to $64.115 million, semi-custom rose 0.1% to $133.291 million  however stock sales dropped 9.9%, to $40.171 million. Cabinet quantity for the month by those reporting decreased 12.7% compared to August 2023 figures.

For the month over month sales comparison, survey respondents reported increased in all three segments. Custom sales rose 5.0%, semi-custom 1.4% and stock sales were up 7.0%. There was a 3.5% rise in cabinet quantity compared to July figures.

However, all three segments dropped in the year-to-date, year-over-year comparison. Custom sales dropped 5.7%, semi-custom declined 1.5% and stock dipped 0.2%; overall sales by responding companies for the year to date were $1.893 billion, a 2.4% decrease compared to the same period last year. Cabinet quantity for the year to date was 5.131 million, a decrease of 4.2% over the same time period last year.

Estimated overall market sales for August were $1.02 billion and estimated sales for the year to date for the overall market were $8.96 billion.

The Kitchen Cabinet Manufacturers Association (KCMA) represents kitchen cabinet and bath vanity manufacturers and key suppliers of goods and services to the industry. KCMA has been compiling and reporting industry sales data for more than 40 years.

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Karen Koenig | Editor

Karen M. Koenig has more than 35 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As senior editor, her responsibilities include writing and editing for Woodworking Network publications FDMC Magazine and Closets & Organized Storage Magazine, as well as the website. She also oversees many of Woodworking Network's special projects and programs, including Red Book: Resource Guide for Best Practice, FDMC 300, 40 Under 40, and the Wood Industry Market Leaders. She can be reached at [email protected].