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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.
While the overall kitchen and bath industry continues to show healthy growth for the year, the overall index is down 4% quarter over quarter as lingering issues caused by the pandemic seem to be catching up to consumer sentiment. Despite this, the industry is coming off of a record-breaking quarter of growth in Q2, which has fueled projections for the year at around 12% growth in sales year-over-year, with many members still encouraged about future growth in 2022.
The National Kitchen & Bath Association (NKBA) released its annual Design Trends report. The 2022 study, a deep dive into all aspects of both kitchen and primary bathroom design, forecasts the styles, features, materials and innovations expected to be most popular over the next two to three years. The current study finds that the COVID-19 pandemic has accelerated consumer interest in and adoption of key trends in their homes such as integration of smart technology, multi-functional spaces and natural and nature-based designs.
The National Kitchen & Bath Association announced its NKBA Global Connect programming at KBIS 2022. Geared to international manufacturers and distributors interested in learning more about the North American kitchen and bath marketplace, these programs will be featured on the stage Feb 8-10, 2022 at the Orange County Convention Center in Orlando, Florida.
The National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC) released its quarterly Kitchen & Bath Market Index (KBMI) for the second quarter of 2021. With estimates showing an 11% growth in sales for Q2 vs. Q1, the report suggests continued growth in the Kitchen and Bath market, despite ongoing material shortages and rising labor costs.
The National Kitchen & Bath Association is accepting nominations through Sept. 30 for 2022 inductees to the Kitchen and Bath Hall of Fame. Honorees are recognized and celebrated for their significant and enduring contributions to the kitchen and bath industry.
NKBA announced its first-ever Luxury Kitchen Summit to be held virtually from June 23-24, 2021. The summit will feature top NKBA designers (serving the luxury market) and industry experts who will explore the meaning of luxury today, how to work with high net-worth clients, key style elements of elevated living, the path to becoming a luxury designer and much more.
NKBA's recently inducted Thirty Under 30 class revealed their winning picks from KBIS Virtual 2021, spotlighting innovative products in six categories.
NKBA and NAHB announced the virtual exhibitor booth experience will be postponed after battling with technical difficulties since the show's onset February 9. Scheduled programming and educational sessions will still continue as planned.
The National Kitchen & Bath Association (NKBA) released its 2021 Market Outlook report, revealing the industry is poised for continued growth with overall spending for both kitchen and bath projects to increase in the coming year. The industry anticipates a pronounced rebound in overall industry growth from -5.9% in 2020 to 16.6% in 2021, compared to 9% in 2018 and 1% in 2019.