The National Kitchen & Bath Association (NKBA) released its annual Market Outlook report. Its goal is to provide a thorough assessment of how various economic and housing market trends are impacting the kitchen and bath industry. The report provides a gauge of the current market size and a forecast for the entire year. NKBA commissioned the John Burns Real Estate Consulting firm (JBREC) to conduct the study. This analysis is based on various government and industry sources and JBREC’s own internal forecasting models.
Full-year industry revenues are expected to reach a record $199 billion, an anticipated growth of 19 percent for the second year in a row;