New residential furniture orders in April continued to slide, marking a fourth straight month of year-over-year double-digit declines according to the latest issue of Furniture Insights. However, compared to April 2019 orders grew by 4%.
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New residential furniture orders were down roughly 26% in March compared to 2021 figures, according to the latest Furniture Insights survey. Year-to-date orders were down 21%.
Although new orders fell 20% in February compared to 2021, it's "not all that bad" considering 2021 figures were up 24% over February 2020, the last month before the pandemic set in, said Ken Smith, managing partner at Smith Leonard.
Even with the 12% decline in new residential furniture orders in the January year-over-year comparison, an estimated 55% of the residential furniture manufacturers and distributors participating in the monthly survey reported increased orders for the month.