News
U.S. RV Shipments Down in October
The RV Industry Association’s monthly survey of U.S. manufacturers reported October shipments reached 32,652 units, dropping 43.7% from the comparable month last year. Compared to 2021, year-to-date shipments fell 12.2% to 448,246. See RV Industry Association
September U.S. Furniture Orders Drop
U.S. residential furniture factory orders in September decreased 26% from the comparable month in 2021. Year-to-date orders fell 29% over the same period in 2021. Furniture shipments increased 5% from September 2021 and were up 6% year-to-date. With shipments outpacing new orders, September backlogs declined 40% from 2021. See Smith Leonard
Closets & Organized Storage State of the Industry Report Published
Closets & Organized Storage magazine released its 2022 State of the Industry survey findings. The survey provides insight into 2022 and 2023 trade forecasts. Respondents represented independent closet companies, franchises and retailers, with the top three products sold at the establishments being closet and organized storage (56%), residential and commercial cabinets (19%) and garage organization
September Canadian Furniture Store and Building Material Sales Up
Canadian retail furniture store sales in September increased 0.5% from August to $1.19 billion (CAD) but were 2.4% lower than the same month last year. Sales for building material dealers dropped 2% from August to $4.09 billion but were up 8.3% from 2021. Total Canadian retail sales declined 0.5% from August to $61.1 billion and
Mexico Manufacturing Recovers in November
The seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) in November was 50.6, a 0.3 increase from October. Job creation and higher sales are attributed to the above 50.0 figure . The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A
October Industry Snapshot Report Available Now
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October U.S. Construction Spending Decrease
U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.8 trillion, down 0.3% from September but grew 9.2% over the year prior. Year-to-date spending was 10.8% higher than in 2021 at $1.5 trillion. Private construction spending was $1.4 trillion, 0.5% below September’s seasonally adjusted annual rate. Residential totals for October
U.S. Home Sales Increase in October
U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 632,000, growing 7.5% from September but 5.8% lower than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of October was 470,000, representing an 8.9-month supply at the current sales rate.
October Architectural Billings Weaken
The October Architecture Billings Index (ABI) dropped four points to 47.7, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts decreased from 50.7 in September to 48.6. October billings were in positive territory for all geographic regions except the West, with
October Kitchen and Bath Cabinet Sales Rise YoY
U.S. kitchen and bath cabinet sales in October were 14.6% higher than the comparable month in 2021 but dropped 6.7% from September, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales grew 17.3% over 2021. Semi-custom sales increased 24.5% from October 2021 but decreased 1.3% from September. Custom
U.S. RV Shipments Down in October
The RV Industry Association’s monthly survey of U.S. manufacturers reported October shipments reached 32,652 units, dropping 43.7% from the comparable month last year. Compared to 2021, year-to-date shipments fell 12.2% to 448,246. See RV Industry Association
September U.S. Furniture Orders Drop
U.S. residential furniture factory orders in September decreased 26% from the comparable month in 2021. Year-to-date orders fell 29% over the same period in 2021. Furniture shipments increased 5% from September 2021 and were up 6% year-to-date. With shipments outpacing new orders, September backlogs declined 40% from 2021. See Smith Leonard
