November’s Monthly Furniture Insight Survey Reports Increased Demand for Residential Furniture as the Economy Continues to Recover from Pandemic

Original Source:
Monthly Furniture Insights Report From Smith Leonard

Smith Leonard’s latest Monthly Furniture Insight survey of residential furniture manufacturers and distributors reported November was another month of continuing improvement. New orders were up 17% year-over-year in November. Continuing a six-month string of steady to strong improvements. The November increase left the year to date increase at 14%. For the 11 months ended November, some 66% of the participants reported increased year to date orders, up from 59% reporting increases last month. With new orders exceeding shipments backlogs continued to climb, ending November 2020, 148% higher than November 2019. In October 2020 back-orders were 141% higher year-over-year.

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