Qualified Remodeler Magazine

FEB 2015

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

Issue link: http://qualifiedremodeler.epubxp.com/i/469630

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Page 58 of 60

Industry organizations provide statistics about latest trends Majority are Sole Decision- makers for Kitchen Products The most popular projects in a bathroom remodel (in descending order) are: When it comes to decisions about which new kitchen products to buy, is the choice of the specifc brand, style or design made mostly by you, by someone else, or equally between you and someone else? Top Markets for Additions/Remodels (projects planned among U.S. homeowners on Houzz for next two years) Install a new shower or bathtub Update the sinks Update the fooring Update the cabinets or vanity Update the countertops Replace the toilet Market predictions 53% Mostly by me 8% By someone else 39% Jointly and equally EXPECTED CHANGE IN THE MARKET 43.4% Remain about the same 2.0% Decline 0% Significantly decline 53.1% Improve 1.5% Significantly improve EXPECTED CHANGE IN COMPANY PERFORMANCE 19.5% Remain about the same 0.5% Decline 0% Significantly decline 69.2% Improve 10.8% Significantly improve CURRENT STATE OF MARKET 18.9% Fair 4.6% Decline 0% Significantly decline 64.3% Good 12.2% Excellent DECISIONS FOR KITCHEN PRODUCTS MADE... Source: Consumer Kitchen Trends: From Remodeling Rates to Technology Trends , survey among 1,000 homeowners SYRACUSE, N.Y. 48% WICHITA, KAN. 46% COLUMBIA, S.C. 45% DENVER, COLO. 45% BUFFALO, N.Y. 45% DATA CENTER 58 February 2015 QR QualifiedRemodeler.com | ForResidentialPros.com

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