NKBA anticipates increase in Q1

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 Associationshowed 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

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