June 24, 2019
According to the 2019 U.S. Houzz & Home report, spending on kitchen and bathroom renovations in America rose significantly over the last year. The report is the largest publicly available survey of residential remodeling, building and decorating activity in the country, with over 128.000 homeowners in the U.S. taking part in the survey. Around 67.000 survey respondents had renovated their primary homes last year.
From 2017 to 2018, the median national spending on kitchens jumped 27 percent, with spending on master bathroom renovations going up by 14 percent and spending on nonmaster bathrooms rising by 17 percent. According to Houzz, the increase is likely a result of the ongoing trade war with China, with the tariffs on imported products and materials like engineered quartz and natural stone that have increased over the past year.
Nino Sitchinava, Houzz’s principal economist, said they expect similar effects will be taking place in 2019, given the recent breakdown in trade negotiations.
“Last year’s 10 percent increase in tariffs on imported building materials is clearly hitting consumer pockets in areas such as kitchens and bathroom remodels that are heavily dependent on imports of cabinetry, countertops, ceramic tile, plumbing fixtures, and vinyl flooring from China,” said Nino.
The report also showed the median spending for renovations across various rooms in a home. According to the results, the lowest media spending amount was on closets ($700) and the highest on kitchens ($14.000). The median spending amount on master bathroom remodels was $8.000. The spending for a homeowner who spent the median amount rose by 27 percent.
At Schrapper’s Fine Cabinetry, Inc., you can get the renovations you want while being guided by experts in the industry. From designing custom kitchens and bathrooms for you to hunting down the best prices on your favorite materials, entrust us with your home’s remodeling for the best results! Contact us for more information today.