Daily News
From Home Furnishing Business
Smith Leonard: Furniture Orders Up 17% in November
February 1,
2021 by Laurie Northington in Business Strategy, Industry
New orders in November were up 17% over November 2019 orders, according to a report by Smith Leonard accounting and consulting firm.
The firm’s monthly survey of residential furniture manufacturers and distributors showed new orders increases for roughly 75% of the participants for the month and year-to-date orders were up 14%.
Shipments were up 3% over November 2019. Year to date, shipments were 7% behind last year, down from 8% reported last month. Backlogs continued to grow in November with some custom upholstery companies quoting as many as 20 weeks for delivery.
Inventory levels are low from where they need to be but case goods have been hard to come by for imported goods and there has also been some shortages of raw materials for upholstery suppliers.