The National Kitchen & Bath Association (NKBA) released its annual Market Outlook report. Its goal is to provide a thorough assessment of how various economic and housing market trends are impacting the kitchen and bath industry. The report provides a gauge of the current market size and a forecast for the entire year.
National Kitchen & Bath Association states a further 4.8% growth is projected for 2019, bringing the residential construction market to $716 billion.
Studio 41 has 12 showrooms in the Chicago metropolitan area — three of which are Kohler Signature showrooms.
While both inflation and mortgage rate increases have impacted the segment, the overall annual forecast still represents a double-digit increase over 2021.
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