WOLF, the largest supplier of kitchen cabinets in the U.S. and a provider of building products in 28 states along the East Coast, has reported the findings of the WOLF Key Buyer Index (KBI) for March.
The March KBI score of 66.67 reflects a slight increase from the February KBI of 65.67. This modest increase suggests that building materials buyers at selected independent LBM dealers in the eastern United States remain bullish on the housing economy in that region of the country, but have slowed their buying slightly as a result of harsh winter weather in parts of the east (especially in New England) and delayed effects of Hurricane Sandy (in the Middle Atlantic States).
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.
WOLF buyers showed equal optimism in both the kitchen and building product segments, which each scored a bullish 66.67. At 66.67, the kitchen product KBI is still very high compared to its score of 50 just two months ago.
The regional breakdown of the KBI also reinforces the larger snapshot of optimism in the residential construction sector. The largest KBI score for kitchen and bath cabinetry, 76.19, came from respondents in the Northeast, WOLF’s second largest kitchen and bath market. The Middle Atlantic States, home to the largest concentration of WOLF kitchen customers, also returned a high KBI score of 73.64.