Residential Furniture Orders Continue to Climb
Smith Leonard Furniture Insights

Photo By Smith Leonard

HIGH POINT, NC - New orders for residential furniture increased 3 percent in August compared to a year earlier, continuing a 17-month string of increased year-over-year orders, according to the latest survey of residential furniture manufacturers and distributors by High Point accounting and consulting firm Smith Leonard.

Year-to-date orders remain 5 percent ahead of 2014 figures, with more than half of those surveyed reporting increases. Orders have increased 25 out of the past 26 months, a good sign that the industry continues to recover, according to the latest issue of Furniture Insights, a monthly publication of Smith Leonard.

Shipments for August were up 8 percent compared to last year's figures. "Year-to-date shipments in 2014 were 6 percent higher than 2013, so the 7 percent increase is off of some pretty good comparisons," noted Ken Smith, managing partner.

Backlogs were up 5 percent over August 2014 figures, but down from July's 10 percent.

Looking back at the past five years, Smith said, "According to our survey, shipments have increased each year between 5 and 6 percent every year except 2010, when they were up 7 percent. Orders were slightly different, ranging from 4 percent to 8 percent, but averaging just under 6 percent. So we have really seen some nice consistent growth overall through those years."

"Receivable levels are in really good shape considering current shipment levels," he added. "Inventories are a bit high, but we will just have to watch them over the next few months."

Despite a slight dip in consumer confidence in September,  retail sales rose 5.2 percent over September 2014 levels, and up 5.4 percent year-to-date.


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Karen Koenig | Editor

Karen M. Koenig has more than 30 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As editor of special publications under the Woodworking Network brand, including the Red Book Best Practices resource guide and website, Karen’s responsibilities include writing, editing and coordinating of editorial content. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media. She can be reached at [email protected]