Leading Indicator of Residential Remodel Market Health
(Alpharetta, GA) — January 15, 2019 — The 2019 Kitchen & Bath Industry Show (KBIS), owned by the National Kitchen & Bath Association (NKBA), is experiencing strong growth in attendance and exhibits leading up to the show opening in five weeks. The 2019 residential remodeling market appears poised for exceptional strength as pre-registrations are up approximately 30% year-over-year and more than 90% of available net show floor space is sold for a show that is 20,000 NSF larger than last year. Specifiers, buyers, media, designers, showrooms, distributors and manufacturers will experience the latest products and technologies, educational programs and networking events during KBIS 2019 when it returns to the Las Vegas Convention Center, February 19-21, 2019.
“Since 2008, KBIS has continued to experience year-over-year growth,” said Brian Pagel, senior vice president, Emerald Expositions. “We are extremely excited by the tremendous increase we are experiencing running up to the 2019 edition. KBIS is where collaborations and decisions are being made among all key stakeholders in the industry.”
The 2017-2018 NKBA Market Outlook Report projected the entire kitchen and bath products market to increase 8.3% in 2018, reaching $171 billion with an additional 6.7% increase in 2019 to $183 billion. Residential remodel/replacement represents 63% of the total kitchen and bath products market; the remaining 37% is new residential construction. The most common areas for renovation and remodeling remain interiors and additions – including kitchens, baths, garages, and porches.
“The strength of the KBIS pre-registration numbers proves the remodeling sector continues to be strong, especially in the kitchen and bath space,” said Suzie Williford, executive vice president and chief strategy officer, NKBA. “The numbers also demonstrate how an all-industry association like the NKBA can bring together key players to drive success.”
Exhibitors, too, are expressing confidence and excitement about being a part of the show. Non-endemic companies are exhibiting, recognizing the opportunity to connect with decision-makers interested in strategic collaborations.
“At Chase, we’re seeing more and more customers jump into home improvement projects they’ve been putting off for some time,” said Amy Bonitatibus, Chase Home Lending’s chief marketing and communications officer. “With healthy home prices, some customers are realizing they can finance a new kitchen or bathroom by tapping into the equity in their home, but many don’t. It makes sense to share information about this viable financing option with designers and contractors attending KBIS so they, in turn, can share with their customers. Armed with this information, they can turn customers’ dream renovations into reality and build business at the same time.”
The Kitchen & Bath Industry Show (KBIS), the destination for kitchen and bath design professionals, co-locates for a sixth year with the International Builders Show (IBS), during Design & Construction week, February 19-21, 2019 at the Las Vegas Convention Center. For more information about the show, visit www.kbis.com.
KBIS, in conjunction with the National Kitchen & Bath Association (NKBA), is an inspiring, interactive platform that showcases the latest industry products, trends and technologies. KBIS is the voice of the kitchen and bath industry and has been for 50+ years.
More information about Emerald Expositions can be found at .
About the National Kitchen & Bath Association and the Kitchen & Bath Industry Show
The National Kitchen & Bath Association (NKBA) is the not-for-profit trade association that owns the Kitchen & Bath Industry Show® (KBIS), as part of Design and Construction Week ® (DCW). With nearly 14,000 member companies representing tens of thousands of members in all segments of the kitchen and bath industry, the NKBA has educated and led the industry since the association’s founding in 1963. The NKBA envisions a world where everyone enjoys safe, beautiful and functional kitchen and bath spaces. The mission of the NKBA is to inspire, lead and empower the kitchen and bath industry through the creations of certifications, marketplaces and networks. For more information, visit www.NKBA.org or call 1-800-THE-NKBA (843-6522).
KBIS® and NKBA® are registered trademarks of the National Kitchen & Bath Association.
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding trade show and industry projections, and other information that is not historical information. When used in this press release, the terms or phrases such as “anticipates,” “believes,” “projects,” “plans,” “intends,” “expects,” “might,” “may,” “estimates,” “could,” “should,” “would,” “will likely continue,” and variations of such words or similar expressions are intended to identify forward-looking statements. Although our expectations, estimates and assumptions are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, estimates and assumptions will be realized. There are a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements which are included in this press release including macroeconomic trends, changes in consumer behavior; and other risks and uncertainties described in Emerald Expositions’ Annual Report on Form 10-K for the year ended December 31, 2017, and quarterly and periodic reports on Forms 10-Q and 8-K. Emerald Expositions undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.
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