Printer Friendly

Architectural/custom.

Architectural woodworkers are seeing improved operating margins as the commercial and residential markets continue to strengthen and business improves.

A survey of AWI manufacturing members also found capital investments were up over the last 12 months, a trend which should continue; 21% of the high-profit firms surveyed said they plan to invest $ 100,000 or more in the next year.

Custom cabinetmakers are also seeing a rise in technology integration, particularly among small- to medium-size shops, according to a CMA survey. Manufacturers will be kept busy, with 2016 projections showing an upswing in home improvement spending, according to the latest LIRA. Homeowners and contractors are the primary customers for the segment.

QUICK STATS

28% of architectural woodworkers plan to increase workforce by 10% or more in the next 12 months.

Products and systems that ease home management are growing in popularity.

Average compensation for architects and designers in 2015 was $77,100.

Sources: AIA, AWI, CAIA, LIRA/Joint Center for Housing Studies of Harvard University

Architectural & Custom: commercial & residential interior millwork, casework, furniture & cabinetry

Big Shops

Hamilton Scientific

Kewaunee Scientific Corp.

Stevens Industries

Fetzer Architectural Woodwork

EMI Industries LLC

Eggers Industries

Imperial Woodworking

Mission Bell Mfg.

Goebel Fixture Co.

Parenti & Rafaelli

Mark Richey Woodworking

STRONG REBOUND FOR ARCHITECTURAL BILLINGS

The Architectural Billing Index shows Work-on-the Boards. An index score above 50 indicates growth.

Source: AIA Economics S Market Research Group, 9-15


POPULARITY OF SPECIAL FUNCTION ROOMS

                     2014   2015

Outdoor Living
Rooms                 62     63

First floor master
bedroom               51     46

Mud rooms             45     37

Home offices          34     38

Dedicated guest
rooms (Au pair/
in-law suites         33     39

Exercise/fitness
rooms                 12     8

Source: AIA

Note: Table made from bar graph.

IMPROVED BUSINESS SENTIMENT

Approximately 75% of architectural woodworkers report favorable
business conditions and 79% of high-prof He firms are even more
optimistic, and spending more on capital investments.

$100,000 or more in the last 12    30% high-profit firms
months

$100,000 or more in the next       21 % high-profit firms
12 months

Source: AWI 2015 Cost of Doing Business Survey and Compensation Study
COPYRIGHT 2015 Vance Publishing Corp.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2015 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Woodworking Network
Date:Dec 1, 2015
Words:342
Previous Article:Store fixtures & interiors.
Next Article:Closets & home storage.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters