June 29, 2020 --- 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 16.9% for May 2020 compared to the same month in 2019. Custom sales are down 12.4%, semi-custom decreased 22.8%, and stock sales decreased 13.8%.
When looking at the month-to-month comparison, cabinet sales were up 10.1% in May 2020 compared to April. Custom sales increased 28.1%; semi-custom sales increased 7.4%; and stock sales increased 8.7% compared to the previous month. This is a promising trend after the significant dip in April that resulted from the COVID-19 pandemic.
Overall year-to-date cabinet sales are down 4.3%. Custom sales decreased 5.8%, semi-custom sales are down 9.4%, and stock sales decreased only slightly at 0.4% 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.