Last year, nearly 30 percent of new homes in the U.S. had partial or full basements, according to the Census Bureau’s Survey of Construction.
Wolf releases KBY for May 2013
Sustained KBI score reflects continued optimism heading into summer.
WOLF, a supplier of kitchen cabinets in the U.S. and a provider of building products in 28 states along the East Coast, reported the findings of the WOLF Key Buyer Index (KBI) for May.
The May KBI score of 72.67 reflects virtually no change from the April KBI of 73.67. The fact that the score remains at this level suggests that building materials buyers at selected independent LBM dealers in the eastern United States are holding fast to their optimism about the residential construction industry in that region.
WOLF developed KBI, a proprietary metric that offers a monthly snapshot of independent dealers’ sentiments, to provide a concrete measure of how building materials buyers see the near-term future of their industry. WOLF gathers data for the KBI from a monthly survey of key buyers at independent building materials dealers across 21 states. A WOLF KBI score of 50 reflects a neutral outlook; a score above 50 reflects a positive outlook; and a score below 50 reflects a negative outlook.
Buyer sentiment is equally bullish in both of WOLF’s traditional markets (the Northeast and Middle Atlantic States). On the building product side, Northeastern buyers returned a KBI score of 78.57 while their Middle Atlantic counterparts returned an even more optimistic score of 80.00. On the Kitchen and bath side, meanwhile, Northeastern buyers returned a KBI score of 83.33 while kitchen and bath buyers in the Middle Atlantic region returned a score of 72.73.
On the whole, the KBI indicates a continued bullishness on the part of residential construction material buyers as to the state of the residential construction activity in the markets they serve. The high KBI scores show that key buyers expect this industry to remain strong at least through the month of May in the Northeast and Middle Atlantic states.