Kitchen and bath remodeling remains strong, exhibiting residual strength, and even some modest growth. In fact, the National Kitchen & Bath Association offers a “cautiously optimistic†remodeling forecast of 7.55 million kitchen jobs this year, up 1.5% over 2006, with bath jobs rising 1.6%, to 10.48 million units.
In addition, at the recent Kitchen Cabinet Manufacturers Association in Lake Tahoe, CA, Wayne Wilbanks, managing principal of Wilbanks Smith & Thomas Asset Management LLC, told attendees that manufacturers on the high end of the residential market have been virtually unscathed by the housing slowdown. (For more Industry Barometers click here. For more business articles click here. And don’t forget to sign up...