While the overall kitchen and bath industry continues to show healthy growth for the year, the overall index is down 4% quarter over quarter as lingering issues caused by the pandemic seem to be catching up to consumer sentiment, according to the Kitchen & Bath Market Index (KBMI).
The National Kitchen and Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC) release the Kitchen & Bath Market Index (KBMI) to measure the health of the kitchen and bath industry. The KBMI for Q3 shows that despite a continued strong market, ongoing industry challenges are having a cooling effect on what has been a very positive full-year outlook.