Cabinet Sales up 0.3% YOY for November 2018, Down 9.4% from October
According to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey, participating cabinet manufacturers reported an increase in cabinet sales of just 0.3% for November 2018 compared to the same month in 2017. Stock sales increased 7.4%; semi-custom sales decreased significantly at 8.1%; and custom sales increased 2.2% compared to November 2017.
Compared to last month, sales decreased 9.4%%. Every category took a hit with stock sales down 4.1%; semi-custom sales down 12.2%; and custom down 10.4% compared to October.
Year to date cabinetry sales through November 2018 are up slightly 2.1% according to participating manufacturers. Stock sales are up 4.7%; semi-custom sales continue to decrease with a downturn of 1.5%; and custom sales up 4.6%.
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.