RESTON, Va. – Cabinet sales rebounded in May, up 5.6% compared to a year ago and up 3.2% over April figures, according to the Kitchen Cabinet Manufacturers Association's May Trend of Business report. Sales were up in all categories for the year-over-year comparison, and in two out of three categories for the month-over-month.
Survey respondents reported overall sales of $253.621 million for May. In the year-over-year comparison, custom sales were up 7.2% to $66.929 million, semi-custom rose 6.0% to $139.861 million and stock sales rose 2.5% to $46.831 million. Cabinet quantity for the month was 709,725, an increase of 5.7% compared to May 2023 figures.
For the month over month sales comparison, survey respondents reported an overall increase of 3.2% over April figures. Gains were made in custom (3.7%) and semi-custom (4.7%), but a slight drop (1.9%) was recorded for stock sales.
Ironically, stock cabinetry was the only category to show sales gains in the year-to-date, year-over-year comparison. Stock sales through May 2024 were up 4.0% compared to 2023, while custom sales dropped 10.1% and semi-custom declined 4.3%; overall sales for the year to date by survey respondents were $1.182 billion, a 4.4% decrease compared to the same period last year. Cabinet quantity for the year to date was 3.3 million, a decrease of 3.7% over the same time period last year.
Estimated overall market sales for May were $1.02 billion and estimated sales for the year to date for the overall market were $5.945 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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