Cabinet Sales Decrease -3.7% in February 2008
RESTON, VA . . . According to participating members in the Kitchen Cabinet Manufacturers Association monthly Trend of Business Survey cabinet sales for February 2008 decreased -3.7 percent compared to sales for February 2007. Stock cabinet sales decreased -15.0 percent and custom sales decreased -2.3 percent. Semi-custom sales increased +8.3 percent.
The year-to-date sales show a decrease of -7.4 percent with stock sales down -17.6 percent and custom sales down -7.3 percent. Year-to-date sales for semi-custom increased +4.4 percent.
Survey participants include stock, semi-custom and custom companies whose combined sales represent over 50 percent of the U.S. cabinet market. KCMA is the major trade association for manufacturers of kitchen cabinets and bath vanities, and 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 under $10 million annually.