Last week at KBIS 2017 in Orlando, the National Kitchen & Bath Association revealed the top design trends for the coming year as specified by our annual Design Trends Report. The report reveals the top ten trends in both kitchen and bath design, as well as other relevant statistical information regarding the kitchen and bath industry.
The NKBA economic outlook, “Estimated Market Value for the Kitchen & Bath Remodeling and New Residential Construction Markets,” pegs the kitchen and bath industry at $134 billion. It also finds that each year homeowners remodel upwards of 10.2 million kitchens — roughly one in 10 of all households — and 14.2 million bathrooms, two of the most important rooms in a home. Further, annual new home construction adds roughly 1 million kitchens and 2.3 million bathrooms to the marketplace.
The reports are available for $99 to NKBA members ($499 nonmembers) at nkba.org/research. An executive summary of the research is available free to NKBA Members.
For additional information, and to view the full press releases, visit the NKBA press room at the following:
Design Trends, Bathroom: https://www.nkba.org/Press/Releases/2017-press-releases/more-homeowners-turning-to-contemporary-styled-bathrooms-according-to-nkba-research
Design Trends, Kitchen: https://www.nkba.org/Press/Releases/2017-press-releases/more-americans-favor-contemporary-or-transitional-kitchen-styling-according-to-research-conducted-by-nkba
Economic Report: https://www.nkba.org/Press/Releases/2017-press-releases/americans-love-their-kitchens-and-baths-nkba-research-pegs-industry-value-at-134-billion
O’Reilly DePalma for NKBA