RESTON, VA — Sales of kitchen cabinets and bathroom vanities posted continued gains in April, although the pace of monthly growth is seeming slowing as both the housing and remodeling markets continue to cool, the Kitchen Cabinet Manufacturers Association reported.
According to the KCMA’s latest monthly “Trend of Business Survey,” participating manufacturers reported that overall cabinet and vanity sales were up 8.6% in April compared to the same month last year, down considerably from the double-digit monthly increases reported throughout 2022.
Gains in April were led by a 20.4% increase in sales of semi-custom cabinets, while custom cabinet sales rose 2.5%. In contrast, sales of stock units posted a 17.5% decline, according to the Reston, VA-based KCMA.
Despite continued declines in stock cabinet sales, year-to-date sales in 2023 were up 7.6% compared to the same four-month period in 2022, the trade association added.