[Washington, D.C.] The Interior Design 2014 Outlook and State of the Industry, produced by the American Society of Interior Designers (ASID) Research, forecasts 2014 will be one of the strongest years for residential spending since 2009. The data indicate positive economic growth for residential interior design. Unemployment rates are reaching pre- January 2008 numbers; housing starts are continuing to improve; and, consumers and commercial developers are once again spending on renovation, remodeling and new construction. Total industry sales have continued to increase: up two percent in 2013, with an additional six percent increase forecast for 2014.
“The effects of the recession hit the interior design industry in late 2008, with the number of practicing designers and interior design firms declining to pre-housing boom levels,” said Randy Fiser, executive vice president and CEO of ASID. “However, as highlighted in the first quarter Interior Design Billings Index (IDBI), the number of interior design firms is on track to grow 4 percent by the end of 2014. The data show, between 2012 and 2022, total employment growth in the interior design industry (13 percent) is expected to outpace ‘all occupations’ (11 percent).”
The Interior Design 2014 Industry Outlook report also examines the state of the design industry, including analysis of demographics, economic influences and macro trends that have the potential to significantly affect the industry. For 2014, these macro trends include urbanization, globalization, technology, a changing environment and the emergence of the millennial consumer.
Other trends addressed in the report include the evolution of:
- Collaborative workplaces
- Higher standards for resilient, sustainable, and environmentally friendly construction
- Healthy buildings
- Research- or evidence-based design
- 3-D modeling and printing
- Professional certification
- Building information modeling (BIM)