The fear of recession is no longer a top concern among kitchen and bath executives, offering a glimmer of optimism that there are better times ahead, according to the fourth quarter 2022 NKBA/John Burns Kitchen & Bath Market Index (KBMI) report.
The quarterly KBMI gauges the pulse of the market among nearly 500 NKBA members in four key segments: designers, manufacturers, builders, and retailers. Among the segments, builders were the most confident, giving the overall index a rating of almost 65. Designers’ ratings came in at just over 61 points, retailers’ were just over 60, while manufacturers rated the industry at 58. All segments’ ratings were down from the prior quarter.