HIGH POINT, NC – Smith Leonard PLLC reported that new residential furniture orders were 13% higher in February 2010 than February 2009.
Survey respondents indicated that new orders in February 2009 were 22% lower than February 2008. This marked the fourth month in a row that orders were higher than the previous year’s same month comparison. (October was flat, November up 10%, December up 12% and January up 4%.)
“Admittedly, all of these months were comparing to poor results in the previous year. But the good news is that we seem to have stopped the downward flow,” according to the accounting firm.
For the month, approximately 58% of the participants reported increases in orders. Year-to-date, orders are up 9% over the first two months of last year. Some 68& of the participants have reported increases for the two-month period, which is more indicative of overall results due to timing of orders month to month.
Read April Furniture Insights.
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