While 48 percent of building/construction firms report that 20 percent or less of active projects remain on schedule, another 34 percent say at least 60 percent or more of their jobs are moving ahead as planned.
Although NKBA members are still optimistic about current and future kitchen and bath business conditions, there are signs of changes in the marketplace.
The halls were often jam-packed at the co-located Kitchen & Bath Industry Show/International Builders' Show, as more than 100,000 cabinetry- and construction-related professionals streamed through to see the more than 2,000 displays by exhibitors.
National Kitchen & Bath Association research estimates K&B market at $158 billion in 2017, up nearly 7.5 percent over 2016.
NKBA says it is tackling the industry labor shortage with a new Jobs feature at nkba.org, a complimentary benefit to help match member companies and individuals seeking employment in the kitchen and bath
The NKBA’s first behavioral survey analyzes the way consumers use their homes and kitchens and how that affects remodeling projects.
The kitchen and bath market is projected to reach $178 billion in 2018, according to a recent study of products and materials by NKBA. So, what are homeowners buying? According to NKBA’s 2018 Design Trends Survey, here’s what’s hot, and what’s not.
More than 10 million households remodeled their kitchen in 2015, amounting to a $49 billion annual industry according to research from the NKBA.
Kitchens and baths represent a $134 billion industry. According to research released by the National Kitchen & Bath Assn. (NKBA), more than 10 percent of American homeowners did a kitchen or bath remodeling project last year at a market price of $85 billion. The kitchen and bath market for new construction is $48.6 billion.