Revised 2021 outlook shows sales up more than 20%.
July 12, 2021
In its July update to the Kitchen & Bath Market Outlook, the National Kitchen & Bath Association (NKBA) revised its 2021 industry sales projection upward to $170.9 billion, up by a substantial 21.4% from 2020’s $140.8 billion in kitchen and bath spending and nearly 8% higher than the initial estimate for the year.
During a webinar in late May, Dr. Kuehl gave his mid-year economic review, focusing on five key issues distributors should be monitoring: Inflation, consumer behavior, “normal” business, the global economy and market reaction.
ASA Chief Economist Dr. Chris Kuehl is back with his May economic update webinar for ASA members. This time, Dr. Kuehl will provide a mid-year review and take stock of the 2021 economy.
Optimistic about President Joe Biden’s agenda, Plumbing Manufacturers International (PMI) moved quickly to work with the Biden administration and the 117th Congress as they began serving their terms in January.
ASA Chief Economist Dr. Chris Kuehl kicks off 2021 with his first PHCP-PVF economic update webinar where he asks the simple question: What can we realistically expect in the first half of 2021 as far as the economy is concerned?
It’s no secret that 2020 was a year packed with challenges for the PHCP-PVF supply chain. Some areas of our industry, such as the residential construction and remodeling markets have flourished.
No matter the market sector, distributors have entered 2021 with high hopes and are searching for answers when it comes the state of the industry.
Many plumbing distributors have been in business for more than 50 years — and they have always found opportunities to thrive regardless of Congress and presidential executive orders.