Millennials’ Impact Seen Increasing for 2022 Kitchen, Bath Designs

Millennials’ Impact Seen Increasing for 2022 Kitchen, Bath Designs

HACKETTSTOWN, NJ Millennial clients – particularly those with children – are increasing in influence while the impact of Baby Boomer clients is gradually declining and Gen X is remaining constant, according to a 2022 Design Trends Forecast released this week by the National Kitchen & Bath Association.

The NKBA’s annual design trends forecast points to a gradual, yet palpable, shift in the primary customer base for new and remodeled kitchens and baths, after several decades in which the market was driven largely by a huge cohort of Baby Boomers (aged 57-75) and Gen Xers (aged 41-56) consumers.

While baby boom and Gen-X consumers remain the industry’s predominant buying force, the steady increase in business from Millennial clients (ages 25-40) is increasingly impacting both market share and anticipated kitchen and bath design trends, according to the NKBA, which said Millennials’ impact has “a high probability of increasing in the future.”

“Those working with Millennials see slightly less-expensive projects, but that’s likely driven by Millennials’ lower disposable income during their current life stage,” said the NKBA, whose 2022 Design Trends Forecast was based on a survey of approximately 650 designers, dealers, and other design professionals. The survey’s aim was to identify styles, features and materials that are expected to be more popular in the next several years; to identify the products that have the most dramatic impact on today’s kitchens and bathrooms; to assess if there are notable variations in designer client base profiles; and to predict if client base profiles are predictors of perceived design trends.

Among the overarching themes emerging from the NKBA’s 2022 survey is that kitchen clients generally want flex space for work, touchless fixtures, easy-to-clean surfaces, outdoor living areas, LED lighting and recycling storage. There is also a concerted desire for mobile-friendly spaces, healthy cooking, app-controlled appliances and voice-activated lighting, the NKBA said.

In the bathroom, consumers want a large shower, and are likely to remove tubs in order

to allocate more space or access to storage/dressing areas, the NKBA said. There is also a pronounced need for energy and water efficiency, connected products such as water temperature controls, entertainment and communication, the association added.

In general, new kitchen and bathroom design is emerging from nature-inspired themes, the NKBA reported. “Organic, natural styles are prominent in both kitchens and bathrooms, especially among Millennials, (and) increased natural light with large, high-performance windows and doors for outdoor access will be prominent,” the NKBA said.

“Homeowners have a desire for spaces that can multi-function,” the NKBA observed, pointing to a growing trend toward large islands for food prep that also function as dining tables, homework and work from home; flexible space for home office activities; pantries that include space for storage and a working area for small appliances; and workstation sinks with built-in features (drying racks,

cutting boards, etc.) In addition, bathrooms that connect to dressing areas and/or laundry facilities, and vanities and medicine cabinets with outlets are also experiencing increased popularity.

When designing new spaces, homeowners are generally thinking about the following:

n Cleanliness: easy-to-clean surfaces and countertops that are sanitary and non-porous. The current strong demand for quartz is expected to continue, as are the popularity of larger-format tile or slabs with less grout, and touchless faucets.

n Sustainable design: 100% LED lighting; a dedicated recycling area; low-E windows and doors; Energy star/efficient products; EPA WaterSense fixtures; VOC-free paint; products with recycled materials, and radiant flooring.

n Universal design: spaces that will allow for aging in place; curb-less showers; fewer free-standing tubs, grab bars, seats in showers and-held shower heads.

Although homeowners are excited about integrated technology, it is not being utilized in most projects. Specifically, only 30% and 21% of kitchen and bath projects, respectively, include integrated technology features, the NKBA reported.

“Designers have new ways to interact with their clients, especially Millennials,” the NKBA said. “Future design projects will include a mix of in-person and virtual meetings. In-person meetings both in designer’s offices and at the client’s home will be most prominent.

“Designers will (also) take advantage of virtual channels with video calls and video meetings with clients,” NKBA researchers added. “Millennials are more open to virtual meetings while Boomers are looking for regular onsite meetings at their home.”

The post Millennials’ Impact Seen Increasing for 2022 Kitchen, Bath Designs appeared first on Kitchen & Bath Design News.

Did you miss our previous article…
https://www.thehouseofbledsoe.com/?p=692

Challenges Persist as 2021 Winds to Close

Challenges Persist as 2021 Winds to Close


The U.S. housing and residential remodeling markets continued to post gains as 2021 wound to a close, although COVID-related supply chain disruptions, coupled with labor and materials shortages, continued to put a crimp on more-robust growth. Among the key statistics and forecasts released in recent weeks by government agencies, research firms and industry-related trade associations were the following:

RESIDENTIAL REMODELING

Demand for remodeling remains strong, and remodelers “are doing quite well as long as they can adequately deal with material and labor shortages,” according to the latest Remodeling Market Index (RMI) compiled by the National Association of Home Builders. The Washington, DC-based NAHB last month released its NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter of 2021, posting a reading of 87, up five points from the third quarter of 2020. The finding is a signal of residential remodelers’ confidence in their markets, for projects of all sizes, the NAHB said. “We are seeing strong demand and continued optimism in the residential remodeling market, despite the fact that supply constraints are severe and widespread,” said NAHB Chief Economist Robert Dietz. “For example, well over 90% of remodelers in the third quarter RMI survey reported a shortage of carpenters. And 57% of remodelers reported having slightly raised prices for projects over the last six months, with another 28% indicating a significant increase in price, due in part to higher material costs and ongoing strong demand. Half of these remodelers reported some pricing out of demand due to higher prices for remodeling projects.”

HOUSING STARTS & NEW-HOME SALES

Single-family home sizes are reportedly rising as an offshoot of the COVID-19 pandemic, reversing a recent trend toward downsizing, as homeowners are seeking additional residential space for a wider range of purposes, particularly teleworking and school-related activities. According to the National Association of Home Builders, the median size of a newly built single-family home increased to 2,297 sq. ft., while the average size for new single-family homes increased to 2,540 sq. ft. Following Great Recession lows, home sizes rose between 2009 to 2015, as entry-level new construction was constrained, according to the NAHB. In contrast, home sizes declined between 2016 and 2020, as more starter homes were developed, the NAHB said. “Going forward, we expect home sizes to increase again, given a shift in consumer preferences for more space due to the increased use and roles of homes in the post-COVID-19 environment,” said NAHB’s Dietz.

EXISTING-HOME SALES

Current high prices are resulting in “an unbalanced market,” although home prices would “normalize with additional supply,” according to the chief economist for the National Association of Realtors. Total housing inventory, according to the latest NAR figures, was down 13.4% from one year ago. Unsold inventory sat at a 2.6-month supply at the current sales pace, down from 3.0 months at the same time last year, the NAR reported. The median existing-home price was up 14.9% from the same time in 2020. The market has witnessed more than 100 straight months of year-over-year gains, the NAR noted, adding that the pace of price appreciation has outpaced wage gains, “making homeownership increasingly unattainable.”

The post Challenges Persist as 2021 Winds to Close appeared first on Kitchen & Bath Design News.

Did you miss our previous article…
https://www.thehouseofbledsoe.com/?p=689

Anticipation Builds for In-Person KBIS 2022

Anticipation Builds for In-Person KBIS 2022

HACKETTSTOWN, NJ – As the year comes to a close, many in the kitchen and bath industry are looking ahead to the return of the Kitchen & Bath Industry, the largest North American event dedicated to this segment of the market. With safety protocols and procedures in place, professionals are celebrating a return to an in-person exhibit and educational forum, where they can learn, reconnect and recharge for a promising business future.

Once again scheduled to be part of Design & Construction Week with the International Builders Show, the Kitchen & Bath Industry Show is scheduled to be held February 8-10, 2022 at the Orange County Convention Center in Orlando, FL. KBIS and IBS, hosted by the National Kitchen & Bath Association and the National Association of Home Builders, respectively, are expected to feature over 800,000 net square feet of exhibit space and showcase more than 1,000 design and construction brands.

While the event is still several weeks away, Kitchen & Bath Design News is offering this sneak peek at just a few of the products that will be on display.

 

The post Anticipation Builds for In-Person KBIS 2022 appeared first on Kitchen & Bath Design News.

Did you miss our previous article…
https://www.thehouseofbledsoe.com/?p=686