Retail Observer

August 2020

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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RETAILOBSERVER.COM AUGUST 2020 12 • Nearly one-third (31%) of Americans say the pandemic has changed the way they use or think about their kitchen or bath. That number increases to 38% when at least one member of the household is working from home. When asked if they wanted to undertake renovation work in their kitchen or bath in response to the pandemic, 19% of households with at least one member working from home said yes, while 16% of all households and 11% of those in which no one works from home agreed. METHODOLOGY The data presented in this report were compiled from a variety of sources: The U.S. Census American Housing Microdata, National Apartment Association (NAA) Spending, National Association of Realtors, Moody's Analytics, Home Innovation Research Labs (HIRL) data, and JBREC's home improvement estimates and forecasts. In addition, a survey was conducted among 500 consumers to better understand the impact of the COVID-19 pandemic on spending levels. 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 & Construction Week ® (DCW). With nearly 50,000 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 creation of certifications, marketplaces and networks. For more information, please visit NKBA.org or call 1-800-THE-NKBA (843-6522). KBIS ® and NKBA ® are registered trademarks of the National Kitchen & Bath Association. RO REVISED 2020 MARKET OUTLOOK

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