Any Google search today will show a significant and positive turnaround from the dismal news we had become familiar with since the housing market to a nose dive. But with homes being sold and prices moving up, the cabinetry business is making a major comeback, with recent numbers showing double digit improvements, year over year, for the first 2 months of 2013.
According to Tom O’Grady, one of the head guys at National Association of the Remodeling Industry (NARI), “Homeowners are tired of waiting to make improvements—many have chosen to stay put—and better financial positioning has them actively approaching professionals to get work done and enhance long-term livability of the home.”
According to Kitchen Cabinet Manufacturers Association (KCMA), members of its monthly Trend of Business Survey reported cabinet sales for February 2013 increased +14.1 percent compared to sales for February 2012, year-to-date sales show an increase of +15.7 percent. This is a stellar improvement from the prior year, where by May 2012, year-to-date sales showed a dismal increase of +2.7 percent from the previous year. All I eyes will be on a continued improvement in housing and the overall economy to support not the cabinetry markets, but home improvement overall.
According to the February data from (KCMA), year-to-date sales showed that stock sales up +23.1 percent, semi-custom sales up +8.7 percent, and custom sales up +14.5 percent.