The kitchen and bath industry is seeing signs of a cooldown, with industry leaders anticipating decelerated growth through the rest of the year, according to The National Kitchen & Bath Association (NKBA) Kitchen & Bath Market Index (KBMI) for second quarter of 2022.
“While it’s encouraging to see some initial signs of easing in supply chain and inventory concerns, it’s clear that macro-economic volatility is having some initial impact on demand,” said Bill Darcy, chief executive officer, NKBA. “This is an industry that has consistently adapted to rapidly changing circumstances over the course of the past two and a half years. There is understandable concern around inflation and interest rates and the potential impact on the industry, but the industry outlook on future business conditions indicates there is still cautious confidence in the ability to navigate a path forward.”