RESTON, VA - Cabinet sales continue to trend upward, growing 5.7 percent in May 2015 compared to year ago figures, according to the Kitchen Cabinet Manufacturers Association monthly Trend of Business Survey. This keeps alive a streak spanning 41 months of consecutive growth.
The last year-over-year decline recorded by the KCMA survey was in December 2011. Survey participants include stock, semi-custom and custom companies whose combined sales represent approximately 70 percent of the U.S. kitchen cabinet and bath vanity market.
A breakdown of the May 2015 survey shows stock cabinet sales decreased 1.0 percent; semi-custom sales increased 13.0 percent and custom sales increased 4.2 percent, compared to May 2014 figures.
Year-to-date sales show an increase of 6.4 percent, with stock sales down 1.3 percent, semi-custom sales up 13.2 percent, and custom sales up 13.2 percent, according to the KCMA.
KCMA is the major trade association for manufacturers of kitchen cabinets, bath vanities, and key suppliers of goods and services to the industry. All major U.S. cabinet manufacturing companies belong to KCMA, and the group notes that 63 percent of its cabinet manufacturer members report sales under $10 million annually, reflecting the importance of small manufacturers in the industry.
KCMA has been compiling and reporting industry sales data for more than 40 years. Between November 1982 and November 1987, a record growth streak of 61 consecutive months was recorded in the group's Trend of Business Survey.