U.S. residential furniture factory orders in March fell 26% from the comparable month in 2021. Year-to-date orders dropped 21% compared to 2021. In March, 79% of participants reported monthly and year-to-date decreases.
Furniture shipments grew 19% over March 2021, and year-to-date totals increased 4%. With shipments surpassing new orders, backlogs declined 4% from March 2021 but were still up 20% over 2021. See Smith Leonard
