COVID-19 Impact Continues to Weaken, NKBA Finds
HACKETTSTOWN, NJ — The impact of the COVID-19 pandemic on the kitchen and bath design trade, while still significant, continues to steadily diminish as the public-health crisis runs its course, according to the latest in a series of weekly polls conducted by the National Kitchen & Bath Association.
The latest “NKBA Pulse” – a weekly survey of more than 600 kitchen and bath retailers, manufacturers and building and construction pros – resumed its slide, as association members rated the impact of the coronavirus crisis and resulting shutdown at 6.5, down 0.4 points from a level of 6.9 the prior week. The NKBA’s survey measures members’ sentiments about the impact of the coronavirus and its resulting lockdown on their businesses on a scale of 1 (no impact) to 10 (significant impact). The poll also measures whether demand for members’ goods and services is increasing, decreasing, or remaining the same.
Among the NKBA’s four member segments, building and construction pros’ rating dropped a full point, to 6.2 from 7.2, the NKBA reported. Manufacturers were next, down 0.5 to 6.3 from 6.8. Retailers rated impact at 6.7, down 0.3, and designers’ rating slipped 0.2 to 6.7 from 6.9.
There was no change in the percentage of survey respondents who said demand for their goods and services was increasing. That number remained stable at 39%.
“It’s not surprising that the impact (of the coronavirus) has fallen as states have continued to loosen restrictions on businesses reopening, and especially since remodelers and contractors have been allowed to resume work in people’s homes,” the NKBA said.