March 29, 2018/Furniture Insights
March 2018 Furniture Insights
New orders up 2% in January 2018 according to our latest Furniture Insights. With April Market on the horizon, overall consumer confidence remains quite favorable and indicates further strong growth in the months ahead. Higher consumer confidence may not have a direct correlation on higher consumer spending, however, especially given recent volatility in the stock market.
February 28, 2018/Furniture Insights
February 2018 Furniture Insights
A disappointing drop as new orders fall 9% year over year as of December 2017, according to our latest Furniture Insights. Overall orders were still up in total for 2017.
January 26, 2018/Furniture Insights
January 2018 Furniture Insights
Good news for the furniture industry as new orders are reported up 11% and shipments are showing an increase as well. See the favorable trends as well as a newsletter redesign in our January 2018 Furniture Insights.
January 2, 2018/Furniture Insights, Accounting and Auditing, Press Release
Ken Smith Named 2017 Citizen of the Year
The High Point Enterprise names Ken Smith as their 2017 Citizen of the Year in their New Year’s Day issue.
December 29, 2017/Furniture Insights
December 2017 Furniture Insights
After falling 10 percent in September 2017 compared to September 2016, new orders increased 8 percent over October 2016, according to our latest survey of residential furniture manufacturers and distributors. Remember that the 10 percent decline in September was a bit misleading as the September 2016 orders were up 14 percent over September 2015. The 8 percent increase followed the September decline but also followed increases of 1 percent in August, 11 percent in July and 6 percent in June.
November 30, 2017/Furniture Insights
November 2017 Furniture Insights
After several positive monthly results from our surveys of residential furniture manufacturers and distributors, the September survey showed a 10% drop in new orders, but a 3% increase in total as compared to September 2015 to September 2017. Overall the news is positive heading into the holidays: Consumer confidence is at highest levels in years, unemployment is also at lowest levels in some time, and interest rates are still low.
October 31, 2017/Furniture Insights
October 2017 Furniture Insights
After several months of growth in new orders, our recent survey of residential furniture manufacturers and distributors indicated a bit slower growth in August. The increase in orders in August was 1 percent following increases of 11 percent in July, 6 percent in June and 8 percent in May. This August increase, though small, marked the 13th straight month of increased orders when compared to the same month a year ago.
September 28, 2017/Furniture Insights
September 2017 Furniture Insights
The results of our recent survey of residential furniture manufacturers and distributors continued the last few months of positive news. New orders in July were up 11 percent over July 2016, following increases of 6 percent in June, 8 percent in May and 7 percent in April. New orders increased over last year for 67 percent of our participants.
August 30, 2017/Furniture Insights
August 2017 Furniture Insights
Our most recent survey of residential furniture manufacturers and distributors continued to have good results. New orders in June were up 6 percent over June of 2016 and were up 6 percent year-to-date. As with most of our surveys in recent years, the tide was not up for all boats. New orders increased for approximately 60 percent of the participants for the month, up slightly from last month. Year-to-date, new orders were up for approximately 68 percent of the participants, up from 60 percent reporting last month.
July 31, 2017/Furniture Insights
July 2017 Furniture Insights
The results of our latest survey of residential furniture manufacturers and distributors was a little like the results last month—a bit surprising based on conversations at and since the High Point Market. New orders were up 8 percent in May 2017 versus May 2016, following the 7 percent increase reported last month. New orders were up for some 58 percent of the participants up from 47 percent reporting increases last month.
