Although year-over-year sales are still expected to increase, the impact of rising costs and higher rates has taken its toll on consumers who are pulling back on projects.
Despite some economic headwinds, kitchen and bath remodeling demand remains strong. Residential kitchen and bath spending is anticipated to grow by 16% to $189 billion in 2022.
The Kitchen & Bath Market Index (KBMI) for the first quarter of 2022, which is aimed at measuring the health of the kitchen and bath industry, found that the industry enjoyed a successful opening quarter of the year, growing 12.6% in Q1, with industry professionals expecting further growth as the year continues.
The convention, themed "America’s Got Talent," will provide members resources on merchandising, business partnerships, digital marketing, and training and development.
The National Kitchen & Bath Association (NKBA) announced the 2022 NKBA Board of Directors. The newly elected NKBA board chair is Basil E. Larkin, vice president of sales at Hestan Commercial Corp.
The annual event, owned by the NKBA and produced by Emerald Expositions,is the largest North American trade expo and networking opportunity for kitchen and bath industry professionals.