Submitted by lfisher on Tue, 07/28/2020 - 17:53
INDUSTRY NEWS UPDATE JULY 28, 2020

KCMA is committed to bringing you the latest news in the cabinet manufacturing industry. Take a look at what’s been happening:

WOOD INDUSTRY 40 UNDER 40

Congratulations to the 2020 Wood Industry 40 Under 40! This award celebrates the next generation of industry professionals who are making an impact on wood products manufacturing in North America. KCMA is excited to see several members honored this year:

  • Vanessa Navarro, Axalta Coatings
  • Jeff Daso, Daso Custom Cabinetry
  • Brad Bartha, Genesis Products
  • Nick Stoltzfus, Keystone Wood Specialties
  • Ryan Casto, Mountain Showcase Group

Click here to read more.

Woodworking Network 40 Under 40

THE TRUTH ABOUT RECRUITING MANUFACTURING EMPLOYEES

How much should you pay to hire your next manufacturing associate? What factors affect recruiting costs? How does hiring affect turnover? Check out this white paper from PSI Services to answer these questions and learn the truth about recruiting manufacturing employees.

Click here to read more.

WOODWORKING INDUSTRY SEES RECOVERING FROM PANDEMIC

Woodworking manufacturers have largely made it through the business difficulties surrounding the pandemic and most are back to full production levels. According to a survey by Woodworking Network,  nearly half of woodworking plants managed to stay open at full production throughout the crisis. Another 12 percent are back to full production after having been shut down at some point. An additional 12 percent are at 75-percent production levels, and 13 percent say they are at between 50 and 75-percent production.

Click here to read more.

KCMA

ECONOMIC UPDATES

Overall cabinet sales decreased 16.9% for May 2020 compared to the same month in 2019.  Custom sales are down 12.4%, semi-custom decreased 22.8%, and stock sales decreased 13.8%.

New orders for durable goods jumped 15.8% in May.

The IHS Markit Flash U.S. Manufacturing PMI stabilized for the second consecutive month in June, increasing from 36.1 in April, to 39.8 in May, to 49.6 in June.

New single-family home sales soared 16.6% in May but existing home sales fell 9.7%.

After declining 5.3% and 15.5% in March and April, respectively, manufacturing production rebounded somewhat, rising 3.8% in May.

US hardwood flooring imports dip 14% in April.

Pending home sales surge 44.3% in May for a record rebound.

Single family housing starts remained flat in May, increasing just 0.1% from April

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The KCMA website has many resources available for cabinet manufacturers and suppliers. Visit our website to learn more!