Second-quarter KBMI reveals more positives than negatives for the industry heading into the latter part of the year. By Robert Isler
The latest NKBA/John Burns Kitchen & Bath Market Index (KBMI) release for Q2 was a mixed bag for designers, but overall, the good outweighed the bad with a continuation of the recent strength enjoyed across the K&B world. Based on the dual effects of long lead times and increased costs for materials and products, some homeowners are staying on the sidelines for now, putting their kitchen or bath projects on hold. This is supported by the KBMI report, with 56% of designers noting postponements/cancellations in Q2, a clear increase over the 45% in Q1.
Backlogs remain a challenge, with 60% reporting a buildup of three or more months, but on the bright side, 88% of designers responding expect project requests to keep pace or increase in the second half of 2021.
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