ASID Optimistic About Growth for 2014

Washington, DC, Aug. 20, 2014 -- The American Society of Interior Designers Second Quarter 2014 Interior Design Billings Index indicates steady, continued and positive momentum for the interior design industry in the months ahead, the group said.

In June, the index stood at 55.8 and the Inquiries Index was 58.2.

While both indices are down slightly from May, ASID said, the figures remain above 50, indicating growth in the industry.

Most firms reported increased billings in June with index scores of 50 or above, ASID said.

Smaller firms, with either a sole practitioner or fewer than 10 employees, have reported consistent growth since the beginning of the year as well as year over year.

Results for larger firms (those with 25 or more employees) were positive, although imprecise due to the small number of responses, ASID said.

Medium-sized firms (10 to 24 employees) reported the lowest billings in the past year.

The single-family and multifamily residential sectors reported billings increases in May and June.

The commercial sector was not as strong, ASID said, with only the office sector reporting increased billings in June.

The hospitality, retail and entertainment sectors mostly witnessed declines in billings during the first six months of 2014, with the latter two facing eight months of billings declines over the past year.

The hospitality sector began 2014 with decreased billings, witnessed a rise in billings in February, and ended June with its lowest billings in a year.

The institutional sector showed varied results, with billings fluctuating dramatically over the past six months in government, education and healthcare.

“While the U.S. economy shifted into a higher gear during the second quarter and the composition of growth has improved, some uncertainty remains,” said Jack Kleinhenz, Ph.D., chief economist for this research.

“The pace of construction and home improvement spending has been growing in fits and starts during the first half of 2014. Although employment for both architecture and design services is up, the second half of the year may increase at a slower pace and could result in positive — though softer — readings for billings and inquiries.”



Other Archived Articles

Domotex Asia Set for March 24-26   Full Article
Shanghai, China, Sept. 12, 2014 -- Domotex Asia/Chinafloor will be held March 24-26 in Shanghai.

Retail Sales Increase Broadly in August   Full Article
Washington, DC, Sept. 12, 2014 -- U.S. retail sales rose 0.6% in August, as consumer bought automobiles and a variety of other goods, according to the Commerce Department.

Consumer Sentiment Highest in More Than a Year   Full Article
Ann Arbor, MI, Sept. 12, 2014 -- U.S. consumer sentiment rose in September to its highest level in more than a year, according to the Thomson Reuters/University of Michigan index.

Greenberg Fund Awards Two Scholarships   Full Article
Manchester, NH, Sept. 12, 2014 -- CCA Global Partners has announced the recipients of two $5,000 scholarships through the Alan Greenberg Scholarship Fund.

Dover Rug & Home Opens Boston Showroom   Full Article
Boston, MA, Sept. 12, 2014 -- Dover Rug & Home has opened a second location in Boston in the Back Bay.

Armstrong Headquarters Gets LEED Recertification   Full Article
Lancaster, PA, Sept. 11, 2014 -- Armstrong World Industries said its corporate headquarters building has been awarded LEED Platinum recertification from the U.S. Green Building Council.

Shaw Contract Names Winners of Design Contest   Full Article
Cartersville, GA, Sept. 11, 2014 -- Shaw Contract Group announced the winners of its annual Design is… competition.

Initial Unemployment Claims Rise Last week   Full Article
Washington, DC, Sept. 11, 2014 -- Initial claims for unemployment benefits rose to 315,000 last week, up from the previous week's revised total of 304,000, according to the Labor Department.

Dal-Tile Holding Groundbreaking for Tennessee Plant   Full Article
Dickson, TN, Sept. 11, 2014 -- Dal-Tile is scheduled to hold an invitation-only groundbreaking ceremony this afternoon for its new $180 million plant in Dickson County, according to the Tennessean newspaper.

Foreclosures Edge Higher in August   Full Article
Irvine, CA, Sept. 11, 2014 -- Foreclosures rose in August the first time in nearly four years, according to tracking firm RealtyTrac.

CFI Presents Awards at Annual Meeting   Full Article
Kansas City, MO, Sept. 11, 2014 -- The Certified Floorcovering Installers recently presented awards at its annual convention.

Tandus Centiva's Ethos Certified Cradle to Cradle   Full Article
Dalton, GA, Sept. 11, 2014 -- Tandus Centiva said it has been Cradle to Cradle Certified Silver for its Ethos modular soft surface products by the Cradle to Cradle Products Innovation Institute.

Wholesale Inventories, Sales Rise in July   Full Article
Washington, DC, Sept. 10, 2014 -- Wholesale inventories ticked up in July by the smallest amount in a year, according to the Commerce Department.

NAHB Praises Legislation to Limit EPA, Army Corps   Full Article
Washington, DC, Sept. 10, 2014 -- The National Association of Home Builders has commended legislation that would limit the authority of the EPA and the U.S. Army Corps of Engineers over "waters of the U.S."

Mortgage Applications Decline Last Week   Full Article
Washington, DC, Sept. 10, 2014 -- Mortgage application volume fell last week as interest rates rose for the first time in four weeks, according to the Mortgage Bankers Association.

Bona Opens Training Center in Dallas   Full Article
Aurora, CO, Sept. 10, 2014 -- Bona US said it has opened a new regional training center in Dallas.

Job Openings Near 13-Year High   Full Article
Washington, DC, Sept. 9, 2014 -- The number of U.S. job openings remained near the highest level in 13 years in July, according to the Labor Deparment in its Job Openings and Labor Turnover survey.

Oriental Weavers Expands Presence at High Point   Full Article
Dalton, GA, Sept. 9, 2014 -- Oriental Weavers said it will open a new showroom and double the size of its High Point presence at the upcoming October market.

Armstrong Adds Installation System to Natural Creations   Full Article
Lancaster, PA, Sept. 9, 2014 -- Armstrong Commercial Flooring has added its luxury vinyl tile installation system called I-Set to its Natural Creations collection.

Mohawk Study Looks at Carpet in Hospital Setting   Full Article
Calhoun, GA, Sept. 9, 2014 -- A Mohawk-funded study shows that carpet tile relieves environmental stressors in hospital settings more effectively than terrazzo and rubber flooring.