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Furniture World News MONTHLY RESULTS New Orders According to our latest survey of residential furniture manufacturers and distributors, February 2021 new orders were 34% higher than February 2020 orders continuing the string of strong double-digit growth in new orders, now up 9 months in a row. January’s new orders were up 27%. New orders were up for 94% of the participants.   For the first two months of the year, new orders were up 31% over the same two months of 2020. Year to date, new orders were up for 88% of the participants. We are not sure what we will see for the next two months as March 2020 was when we first saw the drop off of business due to the onset of the pandemic. So, the next few months will likely show some drastic variations, which will take a while for the numbers to get sorted out.

United statesNorth carolinaSouth carolinaFreddie macKen smithLynn francoSmith leonardDarlene leonardMark bulmerLawrence yunJon glazmanRichard curtinBureau of economic analysisUniversity of michigan survey consumersEconomic researchDepartment of housing