Research from the National Kitchen and Bath Association (NKBA) and Houzz predicts strong future remodeling activity for the remainder of 2021 as more homeowners embark on pricier and higher-quality projects.
Indexes all point toward a robust recovery from the beginning of the pandemic when industry expectations tumbled. As more Americans stayed indoors, their perceptions and needs of their homes shifted, resulting in many taking on DIY projects around the home.
Now, more homeowners are opting for professionally done home improvement projects as vaccine distribution continues.
The NKBA/John Burns Kitchen & Bath Market Index reached its highest level since its inception and claims the industry is “on fire.” Its index reached 79.8, up from last quarter’s score of 60. Anything more than 50 is considered positive, making sentiment in the first quarter of 2021 highly positive.
Results came from surveying 524 association members about design, building and construction, manufacturing, and retail sales, says the NKBA. Current conditions and health of the industry both posted high growth compared to the fourth quarter of 2020, according to the index.
Data from the first quarter of 2021 points toward a 13% increase in industry activity compared to 2020, according to the NKBA.
Our Rosemary House project is featured in this article by Caroline Broderick.
