While both inflation and mortgage rate increases have impacted the segment, the overall annual forecast still represents a double-digit increase over 2021.
Studio 41 has 12 showrooms in the Chicago metropolitan area — three of which are Kohler Signature showrooms.
The National Kitchen & Bath Association (NKBA) released its Market Outlook report showing the remodeling industry is largely recovering from its Q1 COVID-19-induced dip. According to the report, the percentage of homeowners actively working on remodeling projects increased significantly, from 19% in Q1 to 36% in Q2.
David Birch concluded that 3% of the fastest-growing companies, known as gazelles, created most of the new jobs in the U.S.
The weekly survey reports that the impact of the coronavirus on members’ businesses is more or less steady, while more say demand is increasing.
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