According to the Q4 2020 Houzz Renovation Barometer, the home renovation and design market is reporting its strongest business activity since Q3 2018. With wellness in mind, homeowners are rethinking bath and kitchen design.
The National Kitchen & Bath Association (NKBA) released its Market Outlook report showing the remodeling industry is largely recovering from its Q1 COVID-19-induced dip. According to the report, the percentage of homeowners actively working on remodeling projects increased significantly, from 19% in Q1 to 36% in Q2.
While the overall hiring of professional help by consumers has remained stable over the past few years, a growing share of renovating homeowners are hiring professional remodelers and designers who specialize in bathroom upgrades, according to the 2019 U.S. Houzz Bathroom Trends Study.
They describe the showroom as a “premiere design resource” that displays “a curated selection of products sourced worldwide that deliver superior style and features, authentically crafted using the best materials.”
The 2019 Houzz Bathroom Trends Study reveals trending features including accent walls, custom medicine cabinets and high-tech toilets.
Gateway Supply Co. recently unveiled its newly remodeled showroom in Pendleton, South Carolina.
Of the available secured financing options, HELOCs are the most commonly used.