Cabinet Sales up 2.3% YOY for September 2018
According to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey, participating cabinet manufacturers reported an increase in cabinet sales of 2.3% for September 2018 compared to the same month in 2017. Stock sales increased 9.4%; semi-custom sales decreased 5.6%; and custom sales increased 5.2% compared to September 2017.
The numbers tell a different story compared to last month (August 2018), sales are down 1.9%. Stock sales decreased 4.4% and semi-custom decreased 1% compared to last month. Custom sales saw the only growth this month with an increase of 4.9%.
Year to date cabinetry sales through September 2018 are up 1.9% according to participating manufacturers. Stock sales are up 4.1%; semi-custom sales continue to decrease with a downturn of 1.1%; and custom sales are up 4.3%.
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.