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NKBA report shows high optimism for start of 2012

The US National Kitchen & Bath Association has released the Kitchen & Bath Market Report for the fourth quarter. Although results convey 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, 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," says 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 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.

NKBA KBMI Methodology

The NKBA KBMI is determined by averaging expectations of NKBA member kitchen and bath dealers during the next quarter based on expected increases (+1), decreases (-1) or no change (0) in each market condition. That total is divided by the number of dealers surveyed and multiplied by 10, which gives the KBMI a range of -60 (pessimistic) to +60 (optimistic). The NKBA KBMI surveys approximately 150 kitchen and bath dealers across North America each quarter.

NKBA KBMI Overview

Showroom visits:

Down 3% from previous quarter; 0% difference from previous year
70% anticipate an increase in Q1; 3% anticipate a decrease

Kitchen remodels sales volume:

Down 20% from previous quarter; Down 49% from previous year
73% anticipate an increase in Q1; 3% anticipate a decline

Kitchen remodeling prices:

Down 11% from previous quarter; Down 14% from previous year
35% anticipate an increase; 4% anticipate a decrease

Bathroom remodel sales volume:

Down 2% from previous quarter; Down 11% from previous year
62% anticipate an increase; 3% anticipate a decline

Bathroom remodeling prices:

Down 1% from previous quarter; Down 3% from previous year
34% anticipate an increase; 6% anticipate a decline

Kitchen and bath revenue:

Down 22% from previous quarter; Down 48% from previous year
68% anticipate an increase; 3% anticipate a decline

T: 908-813-3773
E: [email protected]
W: www.nkba.org

10th February 2012

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