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The National Kitchen and Bath Association NKBA recently released a new study showing that in 2021, ea U.S. high-end kitchen, bate maraka tla hola ka 28% Ho feta 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 bilione ho 2021, holimo 21.4 liperesente tse tsoang $140.8 bilione ho 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 peresente ka 2021 ha ho bapisoa le 2020, while kitchen and bath remodeling spending is expected to increase 12.5 Peresente. Ho 2021, total kitchen spending (new construction and remodeling) e lebelletsoe ho fihla $81 limilione tse likete. Bathroom spending is estimated to reach $89 limilione tse likete, ho feta 20% e phahameng ho feta selemong se fetileng mme e phahame haholo ho feta ponelopele ea pele ea NKBA.
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, ea U.S. Kitchen and Bath Market Index continued to rise from 61.9 karolong ea boraro ea 2020 ho 82.3 karolong ea bobeli ea 2021, e se e nyolohile ho tloha 69.8 karolong ea bone ea 2019.
Tlhahlobo ea NKBA e hlokometse hore temoso e fetileng ea beng ba matlo ho fokotsa ho sebelisa chelete ho jela, boithabiso, maeto le boikhathollo ka lebaka la ho koaloa ha seoa sa seoa, mmoho le tsa mmuso $5 sephutheloana sa ts'usumetso ea libilione ho bareki, e tlisitse keketseho ea polokelo. Sena, coupled with record low-interest rates made it easier to get housing-related loans. Nakong ya sewa, 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. Ho latela lipatlisiso tsa NKBA, 30 percent of homeowners plan to increase spending on home remodeling, ha feela 20 percent or less plan to increase spending on dining out, boithabiso, leeto kapa bophelo bo botle.
Bakeng sa ba rerang lintlafatso tsa lehae ka 2021, kichine le libethe tse hloahloa li behiloe maemong a pele le a bobeli, ka ho latellana, har'a libaka tse leshome le metso e 'meli tsa lehae tse fanoang. 55 percent of respondents said they plan to remodel their kitchens, nakong eo 40 percent said they primarily remodel their bathrooms. Remodeling the exterior of the house, deck/deck, and master bedroom were 37%, 29%, le 29%, ka ho latellana. Ho ea ka NKBA, the average price of home improvement projects is 25 percent higher than last year.