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 & bath industry. A total of 719 industry professionals participated in the study from these four primary sectors – Design, Building & Construction, Manufacturing and Retail. Results of key measures are compared with the previous four quarters to identify patterns of industry growth/decline. The report also explores the latest market shifts and provides valuable insights into the ever-changing challenges and opportunities faced by each segment.
Business conditions are clearly cooling as the KBMI and its three component measures all registered sizable declines from Q1.
Key Takeaways
- Business conditions are clearly cooling as the KBMI and its three component measures all registered sizable declines from Q1.
- Particularly concerning was the index for anticipated future conditions which registered a 61.8, a sharp drop from the 78.6 reported last quarter.
- There is a clear pattern of sales deceleration across all segments. In fact, both Construction and Manufacturing experienced their fourth consecutive quarter of lower YOY gains.
- Rising prices are taking their toll with cost of materials and cost of inflation identified as the top two industry challenges. Supply chain issues are now the third-ranking concern.
Additional Topics Covered
- 2023 full-year revenue guidance.
- Top substitutions by product category .
- Impact of rising interest rates on K&B project costs.
- Actions taken by K&B pros to combat inflation