The National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC) reported that the Q1 2021 Kitchen & Bath Market Index (KBMI) has soared to a rating 79.8, its highest score since the inception of the index.
KBMI measures the current strength of the industry, expectations and challenges facing four major sectors—design, manufacturing, retail and building—with scores above 50 indicating expansion and scores below 50, contraction. The current rating marks an increase of 14.8 points from last quarter alone and a 38.8 point improvement from this time last year.