April residential furniture orders 'downright ugly,' dive 61%
HIGH POINT, N.C. - As expected, the COVID-19 pandemic had a "downright ugly" impact on new residential furniture orders. New orders in April were down 61% compared to a year ago, and down 52% from March. "As the pandemic hit, March orders were down 29% from March 2019. As expected, every one of our participants reported a significant decline in orders," said Ken Smith, managing partner at Smith Leonard in the latest Furniture Insights survey of manufacturers and distributors.