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

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In 2021, The u.s. Kitchen And Bath Market Spending Is Expected To Reach $170.9 Bhirioni, A Growth Rate Of 28%

Kicheni & Bath Industry Mainstream Media Kitchen & Bath News

The National Kitchen and Bath Association NKBA recently released a new study showing that in 2021, the U.S. high-end kitchen, Bhati musika ichakura ne 28% pamusoro 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 bhiriyoni mukati 2021, kumusoro 21.4 percent from $140.8 bhiriyoni mukati 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 tichienzanisa ne 2020, while kitchen and bath remodeling spending is expected to increase 12.5 muzana. In 2021, total kitchen spending (new construction and remodeling) inotarisirwa kusvika $81 Bhirioni. Bathroom spending is estimated to reach $89 Bhirioni, kupfuurisa 20% yakakwira kupfuura gore rapfuura uye rakanyanya kukwirira kupfuura kufungidzira kwekutanga kweNKBA.

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, the U.S. Kitchen and Bath Market Index continued to rise from 61.9 mune yechitatu kota ye 2020 ku 82.3 mune yechipiri quarter ye 2021, zvatove kumusoro kubva 69.8 mune yechina kifaa ye 2019.

Kuongororwa kwaNKBA kwakacherekedza kuti yekunyevera kwekutanga kwevaridzi vemba kuti ideredze kushandisa pakudya, Varaidzo, famba uye kusununguka nekuda kwedenda revadenda, pamwe chete neHurumende $5 Trillion Stimulus package kune vatengi, yakaunza kuwedzera kwekuchengetedza. Izvi, coupled with record low-interest rates made it easier to get housing-related loans. munguva yechirwere, 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. Zvinoenderana neiyo NKBA ongororo, 30 percent of homeowners plan to increase spending on home remodeling, Ndichiri chete 20 percent or less plan to increase spending on dining out, Varaidzo, kufamba kana hutano.

Kune avo vanoronga kuvandudzwa kwemba mukati 2021, Kitchens uye Master yekugezera yakaiswa pekutanga uye yechipiri, zvakateerana, Pakati pevatarira nzvimbo dzekumba dzakapihwa. 55 percent of respondents said they plan to remodel their kitchens, nepo 40 percent said they primarily remodel their bathrooms. Remodeling the exterior of the house, deck/deck, and master bedroom were 37%, 29%, uye 29%, zvakateerana. Zvinoenderana neNKBA, the average price of home improvement projects is 25 percent higher than last year.

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