Written by Sarah Fields, CEO
The recently published 2022 Kitchen & Bath Market Outlook outlined some promising stats and helpful insights for all industries across the construction and remodeling sectors. Somewhat surprising was the fact that even with widespread labor shortages and supply chain issues, there appear to be no signs of the surge in home improvements slowing down. The study also looked into consumer spending patterns and shifts in the housing market that will have an effect on the kitchen and bath industry. Overall, increased activity in mid-and high-end remodels, boosted by strong home price appreciation and growth in the number of homes prime for remodeling all adds up to good news for decorative plumbing showrooms.
We’ve shared a few of the key highlights and projections from the article here:
This information appeared in the 2022 Kitchen & Bath Market Outlook, published in January 2022 by the National Kitchen & Bath Association (NKBA). To read the full report and obtain access to other industry insights, sign up for a membership with NKBA.