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In2021,TheU.S.KitchenAndBathMarketSpendingIsExpectedToReach$170.9Billion,AGrowthRateOf28%|VIGAFaucetManufacturer

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I 2021, Ka U.S. Kitchen And Bath Market Spending Is Expected To Reach $170.9 'Ōpū, A Growth Rate Of 28%

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In 2021, The U.S. Kitchen And Bath Market Spending Is Expected To Reach $170.9 Billion, A Growth Rate Of 28% - Blog - 1

The National Kitchen and Bath Association NKBA recently released a new study showing that in 2021, ka U.S. high-end kitchen, E ulu e ka mākekeʻauʻau 28% luna 2020, exceeding the previous forecast of 19.8%.

In NKBA’s latest market forecast, it revised its forecast for U.S. kitchen and bath industry sales in 2021. Consumer spending on kitchens and baths is projected to be $170.9 biliona i loko 2021, kū 21.4 pakeneka mai $140.8 biliona i loko 2020. That’s nearly 8 percent higher than the association’s initial estimate for 2021.

According to NKBA, new kitchen and bath spending in the U.S. is expected to increase 28.5 percent in 2021 ua hoʻohālikelikeʻia 2020, while kitchen and bath remodeling spending is expected to increase 12.5 pakeneka. I 2021, total kitchen spending (new construction and remodeling) ke manaʻoʻia e hōʻea $81 'ōpū. Bathroom spending is estimated to reach $89 'ōpū, ma mua o 20% ʻoi aku ka kiʻekiʻe ma mua o ka makahiki i hala a kiʻekiʻe loa ma mua o ka wānana mua o ka NKB.

The Kitchen and Bath Market Index (Kbmi) is a quarterly measure of current and future economic conditions in the kitchen and bath industry. According to the Kitchen and Bath Market Index KBMI released by NKBA, ka U.S. Kitchen and Bath Market Index continued to rise from 61.9 I ke kolu o ka hapakolu o 2020 i 82.3 I loko o ka lua o 2021, mai 69.8 I kaʻehā o 2019.

In 2021, The U.S. Kitchen And Bath Market Spending Is Expected To Reach $170.9 Billion, A Growth Rate Of 28% - Blog - 2

Ua hōʻikeʻiaʻo NKB, mahalo, huakaʻi a me ka leʻaleʻa ma muli o ka laka epidemic laka, hui pū me ke aupuni $5 trillion stimulus pā'ālua i nā mea kūʻai aku, ua lawe mai i ka hoʻonuiʻana i nā mālama. ʻO kēia, coupled with record low-interest rates made it easier to get housing-related loans. I ka wā o ka Epidemic, people lived at home and kitchens and bathrooms became the center of the home, making more homeowners aware of the urgent need for bathroom and kitchen remodeling. Wahi a ka noiʻi nkba, 30 percent of homeowners plan to increase spending on home remodeling, ʻOiai wale nō 20 percent or less plan to increase spending on dining out, mahalo, huakaʻi a olakino paha.

In 2021, The U.S. Kitchen And Bath Market Spending Is Expected To Reach $170.9 Billion, A Growth Rate Of 28% - Blog - 3

No kēlā mau hana hoʻolālā home i loko 2021, ʻO nā kīʻaha a me nā keʻena kaukau i kau mua a me ka lua, pakahi, I waena o nā wahi home denzen i hāʻawiʻia. 55 percent of respondents said they plan to remodel their kitchens, oiai 40 percent said they primarily remodel their bathrooms. Remodeling the exterior of the house, deck/deck, and master bedroom were 37%, 29%, a 29%, pakahi. Wahi a ka NKBA, the average price of home improvement projects is 25 percent higher than last year.

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