Residential furniture orders fell 9% in November compared to the same period in 2023, according to the January issue of Furniture Insights. This decline follows a relatively flat October and marks a return to the downward trend observed from May through September.

We took appropriate steps in 2024 to right-size our business through a comprehensive restructuring plan that we announced in July, and we've been executing since then. We are pleased to have returned Bassett to profitability for this quarter.

Cabinet manufacturers reported overall sales of were down 9.4% for December 2024 compared to the same month in 2023, with all three segments reporting losses, according to the Kitchen Cabinet Manufacturers Association's December Trend of Business report.

In its latest housing market release, the National Association of Home Builders is reporting that a limited amount of existing inventory along with solid demand helped new home sales end the year on an up note, even as buyers continue to grapple with housing affordability challenges.

Existing-home sales rose 2.2% in December to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024 (4.38 million). Sales grew 9.3% from one year ago, the largest year-over-year gain since June 2021 (+23.0%).

The Leading Indicator of Remodeling Activity released by the Remodeling Futures Program at Harvard University shows that annual expenditures of owner-occupied homes are expected to grow at a mild pace through 2025.

New residential furniture orders were essentially flat in October compared to 2023 figures, putting an end to five straight months of year-over-year declines, according to the December issue of Furniture Insights.

Economic improvement in the United States will continue in 2025, say the nation's purchasing and supply management executives in the December 2024 ISM Supply Chain Planning Forecast, formerly known as the Semiannual Economic Forecast. This positive news holds true for the wood products' manufacturing industry and the furniture manufacturing industry.

We ask five industry executives their forecasts for 2025. Predictions indicate upward trends, return of housing, but questions for political transition.

View the infographic with trends, statistics and projections for the wood components and industrial products industries. Wood components include: cabinet doors & drawers, furniture parts, mouldings & trim, turnings, dimension stock, stair parts & specialty items. Industrial products include: pallets, reels, household utensils, crates, plus crossties and pellets.