This marks the first time since June 2020 that new orders were down from the same month in the previous year, according to Smith Leonard's latest Furniture Insights.
The 7% rise in June 2021 new orders is especially notable considering June 2020 was up 30% over 2019. This marks 13 straight months of year-over-year growth, as reported by Smith Leonard in the latest issue of Furniture Insights.
The increase in new orders was reported by 94% of the residential furniture manufacturers and distributors participating in the latest Furniture Insights survey.
New orders for residential furniture again saw double-digit gains, rising 27% in January compared to 2020. This marks eight straight months of double-digit increases as compared to the previous year, as reported by Smith Leonard in the latest issue of Furniture Insights.
New orders for residential furniture continued to rise in December, up 27% compared to 2019. This continues the streak of year-over-year double-digit increases since June 2020, as reported by Smith Leonard in the latest issue of Furniture Insights. The increase in new orders was reported by about 84% of the residential furniture manufacturers and distributors participating in the monthly survey.
HIGH POINT, N.C. - Residential furniture manufacturers saw new orders rise a respectable 17% in November compared to 2019, following large increases of 30% in June, 39% in July, 51% in August, 43% in September and 40% in October, according to January's Furniture Insights by Smith Leonard. The increase in new orders was reported by about three-quarters of the manufacturers and distributors participating in the monthly survey.
Residential furniture manufacturers and distributors continued to show improvements in orders. The July survey from Smith Leonard reflected a 39 percent increase in new orders over July 2019 following a 30 percent increase reported in June. Some 88 percent of the participants reported increased orders over the same month last year.
According to the monthly Furniture Insights survey from Smith Leonard, year to date, new orders were down 16 percent from the same period last year.
New furniture orders rose 4% in December compared to the same period a year ago, reversing the previous months' decline, said Smith Leonard in the latest Furniture Insights survey of residential furniture manufacturers and distributors.