U.S. Consumers Increase Spending on Kitchen and Bath Remodeling
May 5, 2004
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According to surveys conducted by the National Kitchen & Bath Association (NKBA) and the National Association of Home Builders (NAHB) Research Center, Inc., consumers purchasing kitchen and bath materials for remodeling are more likely to spend money to upgrade from original materials with some concern of price, durability, and style.
The surveys also found that appliances are least likely to be purchased at a big-box retailer. Only 32 percent of the appliances were reportedly purchased at a big-box retailer, compared to more than 70 percent of sinks, faucets, and toilets. Nearly 30 percent of appliance purchases were reportedly from a specialty store, and 18 percent were purchased from a hardware store.
According to the surveys, freestanding ranges remained the most popular cooking appliance, but cooktop and wall oven combinations increased 2 percent in new homes since 1997. Conventional gas and electric burners maintained the market share at 55 percent, but smooth-top burners increased 4 percent to 43 percent of the total residential market.
In 2002, 57 percent, or 1 million new homes, were sold with a refrigerator included. Side-by-side refrigerators led the market share among consumer purchases with 35 percent. The survey also found that new home builders installed 1.7 million ranges, cooktops, and ovens, while consumers purchased an estimated 6 million.
The surveys collected data on materials purchased, including flooring, plumbing fixtures, appliances, cabinets, countertops, etc. The data is based on 2002 buying trends and polled 75,000 professionals and 80,000 consumers in the U.S.
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