Report Price: $1995
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The NKBA/John Burns Kitchen & Bath Market Index (KBMI) is a quarterly gauge of current and future economic conditions within the kitchen & bath industry. A total of 510 NKBA members across industry segments, including design, building & construction, manufacturing and retail sales, participated. Results are compared with each of the four previous quarters to tease out trends. Along with numerous economic condition updates, the report delves into the latest developments by industry segment, including member concerns and those of their clients.
K&B Market Index Builds on a Record Q1, but not without Concerns
Key Takeaways
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The overall K&B index of 82.3 easily topped last quarter’s record 79.8, extremely impressive given that any score above 50 indicates industry expansion.
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Current conditions of 85.7 also blew past the previous high of 78.0 set last quarter.
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Members are more cautious regarding future conditions, not because they believe it will worsen, but based on the expectation that growth will begin to moderate from the current torrid pace.
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Full-year sales are now expected to exceed 2020 by 14.5%, an upward revision from the 13.4% consensus forecast last quarter.
- Both supply chain delays and skilled labor shortages continue to worsen, with the former registering an 8.4 of ten in severity and the latter a 7.9 vs. the previous 8.0 and 7.5.
Additional Topics Covered
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Backlogs and pipelines by K&B segment
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Shifts in design element preferences by client
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Specific operational success/challenges by segment
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Verbatim quotes for color on client/segment interaction
- Latest impact of COVID-19 on the industry