NKBA/ John Burns Kitchen & Bath Market Index (KBMI) – Q1 2022
Report Price: $1995
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The NKBA/John Burns Kitchen & Bath Market Index (KBMI) is a quarterly gauge of current and future market conditions within the kitchen and bath industry. Just under 900 industry professionals participated from our four primary segments – Design, Building and Construction, Manufacturing, and Retail – the second straight KBMI survey with record participation. Results are compared with the previous four quarters to determine industry trends and direction by those who know it best. The report also delves into sales expectations, latest industry shifts, and detailed insights into current challenges and opportunities by segment.
Overall industry strength remained high at 77.9, although off a bit from last quarter’s near record 82.1.
Key Takeaways
- Overall industry strength remained high at 77.9, although off a bit from last quarter’s near record 82.1.
- Although current activity dropped sharply from the previous quarter, 77.3 vs. 85.4, the future outlook is the highest in a year.
- Sales growth forecasts for all of 2022 are up significantly since last quarter.
- Cost of materials and cost inflation are growing industry concerns.
- Labor costs continue higher, with rates up an average 18 percent.
Additional Topics Covered
- Latest shifts and challenges by industry segment.
- Effect of increased online shopping on retail and design.
- Backlog/lead time trends for each group.
- Latest trends on canceled/postponed projects.
- Sourcing, brand flexibility and product pricing analysis.