The Q1 2020 NKBA/John Burns Kitchen & Bath Market Index (KBMI) is out, and it is not light reading--in length or in content. Though some states are beginning to reopen, the quarterly report forecasts a bleak future for kitchen and bath in the coming months. From supply chain disruption to lack of demand, builders, designers, and other housing professionals are facing major challenges in their businesses. The index predicts that Q2 2020 sales will drop by more than 50 percent among builders and by 40 percent for manufacturers. See what other insights the index shares about the present and future of the kitchen and bath industry.
We are pleased to release the Q1 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.
The industry has begun to contract in response to the COVID-19 pandemic. Our survey shows clear signs of slowing demand and declining optimism as current and future business conditions both rate below the prior four quarters. Our Q1 2020 survey shows: