Cabinets Sales Down 22% for April 2020
RESTON, VA . . . According to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey, participating cabinet manufacturers reported a significant decrease in overall cabinet sales of 22% for April 2020 compared to the same month in 2019. Custom sales are down 30.4%, semi-custom decreased 25.4%, and stock sales decreased 17.8%.
In March 2020 COVID-19 was declared a National pandemic and the results of the economic shutdown can be seen in the monthly numbers. Overall cabinet sales were down 30.9% in April 2020 compared to March. Custom sales decreased 35.7%; semi-custom sales decreased 31.5%; and stock sales decreased 29.6% compared to the previous month.
Overall year-to-date cabinet sales are down slightly at 1% due to the April dip. Custom sales decreased 4.1%, semi-custom sales are down 5.9%, and stock sales remain strong at an increase of 3.2% YTD.
Survey participants include stock, semi-custom, and custom companies whose combined sales represent approximately 75 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.