Interior Design Project Inquiries Reach Three-Year High
The American Society of Interior Designers (ASID) Third Quarter 2014 Interior Design Billings Index (IDBI) reports inquiries for interior design projects are at their highest in three years. In September, the ASID Interior Design Billings Index (IDBI) registered 60.5, while inquiries rose to 69.5. As a leading economic indicator of residential and nonresidential improvement spending, the IDBI brings additional perspective to the already established construction indices. Three different variables had a strong effect on billings in Q3: firm size, region and market sector.
Jack Kleinhenz, economist for ASID Research commented “Business conditions for the design industry continue to indicate momentum and usher further improvement in home improvement and construction activity.”
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