Based on strong fundamentals and a robust housing market, Bill Darcy appeared on CNBC, citing NKBA research and offering positive projections for the year ahead.
By Dianne M. Pogoda
NKBA CEO Bill Darcy appeared on CNBC’s “Worldwide Exchange” with Dominic Chu on Monday to share projections for the year ahead and how the COVID-19 pandemic has impacted kitchen and bath design and remodeling.
Among highlights, Darcy noted that strong fundamentals going into COVID, and the very strong housing market — propelled by low mortgage rates and vigorous demand — are expected to contribute to a 16% growth for the industry in 2021, bringing spending to nearly $160 billion. Additionally, sales of new homes are expected to be up 20% compared to 2019, and home price appreciation is projected at 31%.
“Kitchens and baths are the focal point of the home, and historically the kitchen is where you spend most of your time — now more than ever,” said Darcy. “If you have the funds, why not make them better for your family?”
To watch the full interview, click here.
