In the latest update from the Kitchen Cabinet Manufacturers Association (KCMA), August witnessed a notable 12.5% surge in cabinet sales compared to the previous month. However, the year-over-year revenues among survey participants saw a significant 7.4% dip in August compared to the figures from 2022.
According to the KCMA's monthly Trend of Business Survey, the total sales reported by respondents for August amounted to $237.3 thousand. Breaking down this figure, custom sales accounted for $64.3 thousand, reflecting a modest 2.6% year-on-year increase. On the other hand, semi-custom sales saw a decline of 3%, amounting to $133.5 thousand, while stock sales plummeted by 29.5%, reaching $39.5 thousand.
The year-to-date sales for survey participants stood at $1.91 million through August. Custom sales contributed $528.2 thousand, semi-custom sales reached $1.08 million, and stock sales amounted to $304.7 thousand.
The estimated sales for the overall market in August were reported at $1.49 million. For the year-to-date period, the overall market estimated sales were $11.85 million.
Bild: Trend of Business Summary Report, August 2023 / Kitchen Cabinet Manufacturers Association
The Kitchen Cabinet Manufacturers Association (KCMA), a longstanding representative of kitchen cabinet and bath vanity manufacturers along with key industry suppliers, has been diligently compiling and reporting industry sales data for over 40 years. The association's monthly Trend of Business Survey provides valuable insights into the dynamics of the kitchen cabinet market, offering a comprehensive view of sales trends and patterns within the industry.
