HACKETTSTOWN, NJ -- The National Kitchen & Bath Association (NKBA) 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,” 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 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 percent difference from previous year
  • Seventy percent anticipate an increase in Q1; 3 percent anticipate a decrease
Kitchen remodels sales volume:
  • Down 20% from previous quarter; down 49% from previous year
  • Seventy-three percent anticipate an increase in Q1; 3% anticipate a decline
Kitchen remodeling prices:
  • Down 11% from previous quarter; down 14% from previous year
  • Thirty-five percent anticipate an increase; 4% anticipate a decrease
Bathroom remodel sales volume:
  • Down 2% from previous quarter; down 11% from previous year
  • Sixty-two percent anticipate an increase; 3% anticipate a decline
Bathroom remodeling prices:
  • Down 1% from previous quarter; Down 3% from previous year
  • Thirty-four percent anticipate an increase; 6% anticipate a decline
Kitchen and bath revenue:
  • Down 22% from previous quarter; Down 48% from previous year
  • Sixty-eight percent anticipate an increase; 3% anticipate a decline
The full report can be viewed here.