HACKETTSTOWN, NJ — The kitchen and bath remodeling market continues to show signs of improvement over last year, with sales volume rising 36 percent for kitchens, and up 85 percent for baths over 2010 figures. Showroom traffic also grew significantly, up 42 percent over last year. These and other findings from a survey of approximately 150 dealers across North America, are included in the third quarter’s Kitchen & Bath Market Report by the National Kitchen & Bath Assn. (NKBA).
Kitchen and bath revenue also is up 69 percent from the previous year, and 4 percent for the quarter. Looking ahead, the report also found that dealers were mildly optimistic for the fourth quarter. The NKBA's Kitchen & Bath Market Index, which measures the confidence rating of kitchen and bath dealers on a scale of -60 to +60, registered at +9 for the third quarter.
“Although optimism seems to be taking a hit, the numbers today from a year ago are encouragingly higher, ranging in increase from 4 to 85 percent higher on various points,” Bill Darcy, executive vice president of the NKBA, said of the report. “The volatility of the third quarter is balanced by the overall increased consumer traffic, sales volume and remodeling prices in the past year.”
Third quarter compared to the second showed kitchen remodels down 6 percent, and bath down 9 percent in sales volume. Remodeling prices, however, rose 7 percent for kitchen jobs and 30 percent for the bathroom for the quarter.
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