The National Kitchen & Bath Association has released the Kitchen & Bath Market Report for the fourth quarter of 2011. Results show a slight drop-off from third quarter in number of remodels and budgets, showroom visits held steady from a year ago and with marked increases from 2009 and 2010, and other signals indicate that optimism for the first quarter of 2012 remains high.
“Although numbers dropped off at the end of 2011, optimism is high and undeterred for the anticipated outcome of the first quarter in 2012,” stated Alan W. Zielinski, CKD, 2012 NKBA President. “Dealers are very optimistic, with the NKBA Kitchen & Bath Market Index surging from +9 to +32.”
The NKBA's Kitchen & Bath Market Index (KBMI), which measures the confidence of kitchen and bath dealers on a scale of -60 to +60, is at +32 for the fourth quarter, showing that kitchen and bath dealers forecast a healthy expansion in the market over the next three months.
Download the full report here. (PDF)