February results are in for our latest Furniture Insights, with orders up 6% over February 2019 and year to date numbers up 4% over last year. About two-thirds of the participants reported increased orders ahead of the slowdown experienced by many, if not all, in March.
January showed modest improvement in several categories, though still paling in comparison to the unusually high January 2019 numbers in our latest Furniture Insights. Overall positive results in furniture manufacturing, housing, and consumer confidence in January will likely give way to less favorable numbers as the March and beyond reports come to light.
After two months of declining orders, December new orders ticked up 4% according to our latest survey of residential furniture manufacturers and distributors. Orders were down 8% in October and 5% in November, so it was nice to see the negative trend reversed.