Add as a preferred source on Google

Design Industry Remains Positive About Near Term Outlook

  • 09/02/15

Washington, D.C. – The American Society of Interior Designers (ASID) released the Second Quarter Interior Design Billings Index (IDBI) on August 26, 2015. The June IDBI value of 57.1 indicated that billings remain essentially unchanged from their 1st Quarter score of 57.7 in March. The June New Product Inquiry rate of 58.3 was slightly down from the March value of 58.8. While unexpected, the lower reading may reflect some payback from the strong May readings. However, the index has remained above 50 – the baseline score indicating growth – for 12 consecutive months.

Across the board, all firm sizes showed improvement and all sectors, except for education, reported increased IDBI scores, suggesting a market-wide increase in billings for the second quarter.

Business conditions vary across regions
The South and Midwest regions have reported IDBI scores greater than 55 since February, indicating a sustained growth in billings. Northeast firms rose above 50 in both May and June, while firms in the West fell from a May IDBI of 68 to a June score of 50.

Construction spending continues to surge
Construction spending rose 0.8 percent in May – a much stronger rise than the analyst’s consensus for an increase of 0.4 percent. Overall, construction spending in May was the highest since October 2008.

Six month outlook – stronger business conditions expected
The six-month business conditions index score of 74 fat the end of the 2nd quarter remains essentially unchanged from the 1st quarter score of 73 and slightly better than the 2014 fourth quarter score of 69.9. The consistency of these scores suggests ongoing, continued expansion for the design industry.

“For the most part, the construction and housing sectors are reporting significant improvement in the second quarter,” said Jack Kleinhenz, ASID economist. “The design industry has aptly bobbed and weaved through varied business conditions and has responded with steady improvement in payrolls and revenues. Looking forward, the design industry remains positive about the near term outlook.”

Download the full Second Quarter ASID Interior Design Billings Index Report.

Featured

  • University of Southern Mississippi Starts Construction on Oyster Hatchery

    The University of Southern Mississippi (USM) recently announced that construction has begun on a new oyster hatchery at its Gulf Coast Research Laboratory (GCRL) Thad Cochran Marine Aquaculture Center (TCMAC) Cedar Point campus in Ocean Springs, Miss., according to a news release.

  • Delta State University Completes Renovations to School of Nursing Facilities

    Delta State University recently completed a major expansion and renovation project for the Robert E. Smith School of Nursing facilities on its campus in Cleveland, Miss., according to a news release. The project includes about 14,000 square feet of new construction and more than 21,000 square feet of renovation work to the existing space.

  • Beyond Four Walls

    Operable glass walls provide a dynamic solution for educational spaces. They align with today’s evolving teaching methods and adapt to the needs of modern learners. Beyond the functional versatility, movable glass walls offer clean, contemporary aesthetics, slim and unobtrusive profiles, and versatile configurations that cater to the evolving needs of students and educators alike.

  • Elevating Campus Maintenance: How Power Wash Drones are Transforming Educational Facilities

    As today’s campuses grow larger and more architecturally complex, keeping exteriors clean, safe, and inviting has never been tougher. Facilities leaders are under constant pressure to stretch budgets, meet safety standards, and support sustainability goals—all while tackling the stubborn challenge of exterior cleaning.

Digital Edition