IDBI Slips to Lowest Level in December
A key indicator of household and business spending on renovations, furnishings, and interior design services fell in December to its lowest level since the ASID Interior Design Billings Index (IDBI) was launched in November 2010, with panelists noting that construction projects are often being postponed or delayed.
The IDBI was down 9.3 points in December to a score of 43.9 and has been unsteady during 2018, indicating a softening in demand. It is important to consider seasonal factors at work, as declines from November to December have been consistently observed in the past.
Continue reading ASID Interior Design Billings Index (IDBI) – December 2018
Interior design is in the process of being completely revamped as new technologies enter the playing field. By looking toward the future, particularly the nascent technologies of virtual, augmented, and mixed reality, interior designers are finding new ways to attract customers and outcompete rivals.
Each of these technologies brings slightly new opportunities to the table, but all of them work to improve and assuage difficulties that have plagued the business. Specifically, disappointment due to a discrepancy between expected renovations and actual ones, and customer hesitation in hiring an interior designer due to the fear of not having enough control over the process.
Continue reading The Future of Interior Design: Virtual Showrooms and Augmented Catalogs
As more long-term homeowners make the decision to stick with the home they have, they are undertaking larger-scale remodeling projects, such as complete room renovations or additions.
Due to the complexity of these changes, more homeowners are hiring professionals to assist with or do the entire project for them. While that’s great for business, it is pushing out wait times as project backlogs begin to pile up.
Continue reading Demand for major remodels remains strong
From ceramics to renovations, the design scene is abuzz – here are four new projects that have caught our eye this week.
Continue reading Bright sparks: The best new projects on the interior design scene
It’s common knowledge that, when you are planning to sell your home, it’s worth making the effort to get your house looking neat, tidy and attractive. Even if this means spending a bit of money on redecorating touch-ups, it’s worth it financially in the long run as it can dramatically increase the final sale price of your property.
Continue reading THE ONE PAINT COLOR THAT CAN INCREASE THE VALUE OF YOUR HOME BY THOUSANDS