August 2018 Trend of Business Press Release
October 03, 2018
Cabinet Sales up 4.4% YOY for August 2018
According to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey, participating cabinet manufacturers reported an increase in cabinet sales of 4.4% for August 2018 compared to the same month in 2017. Stock sales increased 5.1%; semi-custom sales increased 3.1%; and custom sales increased 6.2% compared to August 2017.
Compared to last month (July 2018), sales are up 8.3%. Stock sales are up 8.4% compared to July; semi-custom increased 9.5%; and custom is up 4.2% after a large drop from June to July.
Year to date cabinetry sales through August 2018 are up 1.8% according to participating manufacturers. Stock sales are up 3.5%; semi-custom sales are down 0.5%; and custom sales are up 4.2% so far this year.
Survey participants include stock, semi-custom, and custom companies – companies that belong to KCMA represent combined sales of approximately 70 percent of the U.S. kitchen cabinet and bath vanity market. KCMA is the major trade association for kitchen cabinet and bath vanity manufacturers and key suppliers of goods and services to the industry. All major U.S. cabinet manufacturing companies belong to KCMA. Sixty-three percent of KCMA cabinet manufacturer members report sales below $10 million annually, reflecting the importance of small manufacturers in the industry. KCMA has been compiling and reporting industry sales data for more than forty years.