Cabinet Sales up 5.4% for March 2020
According to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey, participating cabinet manufacturers reported an increase in cabinet sales of 5.4% for March 2020 compared to the same month in 2019. Custom sales increased 2.7%, semi-custom increased slightly at 0.5%, and stock sales were up 9.4%.
The monthly numbers were strong as well. Cabinet sales overall were up 12.3% compared to February with custom up 11.4%, semi-custom sales up 10.1%, and stock sales up 14% compared to the previous month.
Year-to-date cabinet sales increased 6.4% overall with custom sales up 5.4%, semi-custom sales up 0.8%, and stock sales up 10.6%.
Survey participants include stock, semi-custom, and custom companies whose combined sales represent 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.