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Kitchen and Bath Design News Highlights Signs of Recovery in the Housing Market
March 7, 2010 |
Kitchen and Bath Design News recently highlighted signs of recovery in the heavily damaged housing market. This is encouraging news for New England Stone, its industry partners/associates, and its. While the full article can be found here, key statistics follow below.
- First-time homebuyer tax credit was primary driver of construction and sales in the summer and early fall of 2009. NAHB Chief Economist David Crowe.
- Residential remodeling reports stabilization in industry during third quarter of 2009. National Association of Home Builders’ Remodeling Market Index (RMI).
- Sales of kitchen cabinets and bathroom vanities declined again in October 2009. Kitchen Cabinet Manufacturers Association.
- Cabinet sales fell 25.1 percent in October 2009 compared to October 2008. KCMA, “Trend of Business.”
- Sales of stock cabinets and semi-custom cabinets down roughly 28 percent. KCMA.
- Major home appliance shipments fell from 4.2 million units to 4.4 million units. Association of Home Appliance Manufacturers.
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