New furniture orders increased 4% in 2012 according to furniture consulting and accounting firm Smith Leonard.
U.S. residential furniture factory orders grew 8% in August compared to the same period last year, Smith Leonard reported. Year-to-date new orders also showed growth for the second consecutive year, up 5% over 2011 figures.
New orders of residential furniture declined 13% in April compared to the same period a year ago, likely influenced by later dates for the Spring High Point Furniture Market, according to Smith Leonard consultants.
Residential furniture orders grew 2% in March compared to the same period a year ago, slowing down from the double-digit growth it exhibited in the first two months of the year, according to Smith Leonard, an accounting firm specializing in the furniture industry.