Report Price: $1995
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We are pleased to release the Q3 2020 NKBA/John Burns Kitchen & Bath Market Index (KBMI), the industry’s definitive gauge of kitchen and bath industry conditions. This quarterly index is the result of a partnership between the National Kitchen & Bath Association and John Burns Real Estate Consulting. Based on responses from designers, manufacturers, retailers and building/construction firms who are members of the National Kitchen & Bath Association, this quarterly market research survey examines current demand and future expectations in the industry, and monitors issues and challenges industry professionals are facing in their business. A total of 515 NKBA members in design, building/construction, manufacturing and retail were surveyed. Results are compared with each of the previous four quarters. Along with various economic gauges, the report ranks industry challenges and concerns. Additionally, this is the third quarterly report that delves into the impact of COVID-19 and the various shifts and changes it has caused for each of our industry segments.
NKBA Members now expect full year K&B sales to exceed last year, a dramatic reversal from the previous two surveys.
Key Takeaways
- The overall quarterly index, with a rating of 61.9 out of 100, is expanding after two consecutive quarters of contraction. It far exceeds the 44.2 rating from Q2.
- Full-year 2020 sales are now projected to be 1% higher than in 2019. This is a vast improvement over the -13.7% and -4.4% expected shortfalls for the year from the Q1 and Q2 reports.
- The latest “health of the industry” rating is 6.9 on a scale of 1-10, indicating clear strength.
- Current business conditions received a rating of 56.5, a sharp increase from the 31.3 of Q2.
- Supply chain disruptions are now the #1 industry challenge, with members citing delays of 60-120 days for various goods.
Additional Topics Covered
- Sales outlook by segment.
- Deep dive into pandemic’s impact on each of our four segments.
- Shifts in demand by variable, such as price, project size and DIY.
- Member feedback on lead time challenges, shutdown contingencies, and other timely topics.
- Trending data across Q1-Q3 KBMI releases on the effects of COVID-19.