Q4 KBMI: Project Size Increases, Foot Traffic Still Up but Slowing

The 4th quarter Index revealed some opportunities for and challenges ahead.

By Robert Isler

Although the Design and Retail Sales sectors continue to move forward, each is evolving differently. The challenges though, are strikingly similar. This was the general takeaway for these segments based on the Q4 2020 NKBA/John Burns Kitchen & Bath Market Index (KBMI).

Half the design firms report that demand for bids/proposals for future remodeling is higher, with homeowners still somewhat confined to their homes due to COVID-19. Many also say the size of the projects is getting larger. Retailers say traffic is still strong compared to the first half of 2020, but it eased somewhat from the third quarter to the fourth quarter.

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