NKBA estimates kitchen and bath market at $158.11 Billion
The National Kitchen & Bath Association (NKBA) released the results of its extensive Size of Market Study and Outlook, revealing a value of $644 billion in sales of products and materials aimed at the residential kitchen and bath market in 2017. This total includes $330 billion from the construction of new homes and $314 billion from residential remodeling and replacement (R&R) projects.
Construction of new houses rose 8.6% in 2017, to reach a market size of $330 billion. Remodeling and improvement of existing homes (i.e., residential remodeling) amounted to $314 billion in 2017. This is 6.4% higher than it was in 2016.