Due to the Holidays, we were unable to obtain some of our participants’ data for our monthly statistics, so rather than present incomplete information, we will not be reporting on the October results. However, we want to highlight insights on general trends and industry feedback.
Once again, as has been the case since the beginning of the pandemic, the raw numbers have to be explained. The results of our survey of residential furniture manufacturers and distributors showed some interesting comparisons. For instance, new orders in August were down 14% from August 2020.
July furniture order numbers have to be tempered comparatively with the results from the same time period in 2020, as July 2020 was the beginning of a big recovery in the furniture industry. For the first time since June 2020, new orders in July 2021 were down 11% compared to the same month of 2020. But growth still continues overall, as July 2021 orders were up 24% compared to July 2019 in our latest Furniture Insights®.
Positive news in our latest Furniture Insights®, with new orders were up 7% in June 2021 over the 30% increase reported in the comparisons of June 2020 vs June 2019. Year to date, new orders were up 51% over the first half of 2020 and up for 94% of the participants.
Our latest Furniture Insights continues to show growth in the furniture industry, with positive reports from the June market. But the good news is dampened by concerns about pricing, backlogs, and availability of key materials.
Furniture sales continue their strong upward trajectory with new orders in February up 34% over February 2020, marking the 9th straight month of large double-digit percentage increases. Also noteworthy is that this trend impacted 94% of the participants in our latest Furniture Insights.
According to our latest survey of residential furniture manufacturers and distributors, new orders in January 2021 continued the rapid increases compared to the previous year. New orders were up 27% compared to January a year ago, the same percent increase as last month. This marks the 8th straight month that orders were higher than the previous year.