NKBA anticipates increase in Q1
February 14, 2012
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NKBA reported a dip
in Q4, but optimism levels remain strong for 2012.
While the release of the Kitchen & Bath Report by The National Kitchen & Bath Association showed a decrease in remodels and budgets from the fourth quarter, optimism levels remain strong for the start of 2012.
Results from the report found:
Total showroom visits were down 3% from the previous quarter, but 70% of
kitchen and bath dealers are optimistic going into 2012.
Kitchen remodels sales volume were down 20% from the previous quarter. This is
almost 50% down from last year. However, a positive 73% of dealers anticipate
an increase in the first quarter of 2012.
Kitchen remodeling prices were down 11% from the previous quarter, but 35% of
respondents anticipate an increase.
Bathroom remodels basically remained steady having only been down 2% from the
previous quarter. Same goes for bathroom remodeling prices that were down just
1%.
Kitchen and bath revenue in total were down 22% from the previous quarter, down
48% from last year. However, 68% of dealers are optimistic heading into the
beginning of 2012.
For the full report, read here.
Source: NKBA
While the release of the Kitchen & Bath Report by The National Kitchen & Bath Association showed a decrease in remodels and budgets from the fourth quarter, optimism levels remain strong for the start of 2012.
Results from the report found:
For the full report, read here.
Source: NKBA
