Originally published in Interiors & Sources

03/07/2012

ASID Interior Design Index Slips Slightly, But Industry Remains Hopeful

Although Billings Index is down, Business Outlook Index is up, indicating an optimistic outlook for 2012.

 
ASID Interior Design Index Slips Slightly, But Industry Remains Hopeful

WASHINGTON, D.C.—The American Society of Interior Designers (ASID) Interior Design Billings Index ended 2011 slightly below positive territory at 49.4, continuing a decline in November (50.2) from October (51.4), when the Index hit its highest point in the second half of the year. The Inquiries Index, however, stayed positive at 52.0 (compared to 53.8 in November), suggesting that interior design clients may be holding off on projects until the economy shows stronger signs of sustaining a recovery. The Interior Design Index fell behind the AIA Billings Index for the second month in a row; it stayed at 52, the same as for October.

Index highlights include:

Decline Across Billing Sectors

Firms of all specializations—with one exception, multi-family/senior housing—reported billing declines. A pattern of growth across all sectors was evident in the first half of 2011, while this trend was reversed in the latter part of 2011.

Sector Index Means: Residential 56  [single 48, multi-housing 64], Commercial 44, Institutional 44

Regionally, firms in the Midwest, South and West regions reported gains in December, while the Northeast showed a decline. The West region reported increased billings in 10 of the past 12 months. The Midwest and Northeast were more inconsistent, reporting growth during the first six months and declines in the last six months.

Product Sales, Hiring Are Up

Despite the year-end dip, respondents reported substantial increases (10 percent or more) in product sales among a large number of categories, compared to those of the previous quarter. Products related to home remodeling projects were especially strong.

Four out of 10 respondents (39 percent) expect prices to rise, but by less than 5 percent. In the past three months, 10 percent of firms report hiring at least one employee. Nine percent of respondents indicated that their firm will increase employment over the next three months. This is a positive improvement from the 4 percent that reported such intentions in the previous quarter. While overall survey results show a backsliding in the industry at the end of 2011, firms with between two and nine employees finished 2011 on a strong note, posting an index of 60.2.

Designers Are Optimistic About 2012

Although the ASID Billings Index ended the quarter below 50, ASID firms expect business conditions to be better in the future. In December, the ASID Business Outlook Index was 74.3, up from the prior quarter's index of 56.4.

“Economic growth is solid but not spectacular,” says Jack Kleinhenz, chief economist for ASID. "However, modest improvements in the broader economy, combined with the positive trend in inquiries could signal a more promising 2012.”

 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

 

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.


Tennant Company is a recognized leader in designing, manufacturing and marketing solutions that help create a cleaner, safer, healthier world. With thousands of satisfied customers already using award winning ec-H2O technology, why not see what you're missing? Test ec-H2O on your soils in your facility. Get a free demo.

 

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