More Kitchen and Bath Projects Are on the Horizon

Despite supply chain, labor, and spending issues, the kitchen and bath industry expects to see strong growth through 2021. The National Kitchen and Bath Association released its third quarter market index report, which marked the first time this year that the industry has seen expansion rather than contraction. Association members also ranked the industry’s health at a 6.9 out of 10. And while industry members are positive, but slightly hesitant, predictions for future conditions remain high. NKBA CEO Bill Darcy notes that the industry is one that benefited greatly from people staying indoors and while restrictions have even kept homeowners weary of projects, this just means more projects are soon to come.

The Do-It-Yourself aspects of the kitchen and bath remodels kicked in as soon as Americans began to sequester at home, Darcy says.

“Paint sales in big-box stores went up immediately, followed by more intensive home improvement projects.”

“Consumers have undertaken a lot of remodeling in 2020, but significant opportunity remains, especially for the kitchen and bath market, going into 2021,” notes Todd Tomalak, Principal at JBREC. “Much of the already completed renovation work has focused outside the home — redoing decks, gardens and outdoor entertaining spaces — in response to COVID-19 restrictions. For many families working and schooling from home, 2020 wasn’t the ideal time to redo a space as essential as the kitchen or bathroom. As such, we anticipate continued activity for kitchen and bath remodeling next year.”

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