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The National Kitchen and Bath Association NKBA recently released a new study showing that in 2021, le U.s. high-end kitchen, O le a tupu le maketi taele 28% totoe 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 piliona i 2021, luga 21.4 pasene mai $140.8 piliona i 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 faatusatusa i 2020, while kitchen and bath remodeling spending is expected to increase 12.5 pasene. I totonu 2021, total kitchen spending (new construction and remodeling) ua faamoemoe e aapa $81 piliona. Bathroom spending is estimated to reach $89 piliona, sili atu 20% maualuga atu nai lo le tausaga talu ai ma sili atu le maualuga atu nai lo le NKBA Uluai Fomai.
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, le U.s. Kitchen and Bath Market Index continued to rise from 61.9 I le kuata lona tolu o 2020 ia 82.3 I le kuata lona lua o 2021, ua uma mai 69.8 I le kuata lona fa o 2019.
O le auiliiliga a le NKBA na tusia ai o le mataala muamua o tagata e ona fale e faʻaititia ai le faʻaalu i le 'ai, faafiafiaga, malaga ma taimi paganoa ona o le faʻamaʻi Lockdown, Faatasi ai ma le malo $5 Trillion stimulus afifi i tagata faatau, ua aumaia le faateleina o le sefeina. Lenei, coupled with record low-interest rates made it easier to get housing-related loans. Taimi fa'ama'i pipisi i le atunu'u, 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. E tusa ai ma le NKBA suesuega, 30 percent of homeowners plan to increase spending on home remodeling, ae na o 20 percent or less plan to increase spending on dining out, faafiafiaga, Malaga po o le Soifua Maloloina.
Mo na fuafuaga fuafuaina aiga faaleleia i 2021, umukuka ma le master faletaele masani muamua ma lona lua, na, I totonu o le Dozen Fale Fale na ofoina. 55 percent of respondents said they plan to remodel their kitchens, ao 40 percent said they primarily remodel their bathrooms. Remodeling the exterior of the house, deck/deck, and master bedroom were 37%, 29%, ma 29%, na. E tusa ai ma le NKBA, the average price of home improvement projects is 25 percent higher than last year.