Home improvement market trends in 2012
Posted on Tuesday, July 10, 2012 at 11:35:14 AM
Home improvement projects remained popular in the first quarter of 2012. According to The American Institute of Architects' Home Design Trends Survey, 52 percent of the 500 residential architecture firms surveyed reported an increase in home renovations.
Consequently, material use, product types and popular styles have changed in the past year, according to the National Kitchen and Bath Association (NKBA). Here are two home renovation trends currently impacting manufacturing and distributing needs in markets across the United States and Canada:
1. Cherry wood decreases in popularity. According to the NKBA, 80 percent of kitchen designers used cherry cabinetry in the months prior to 2010, 72 percent in 2011 and 69 percent as 2012 approached. While cherry wood was once the most popular choice for wood cabinetry, recent trends suggest walnut or oak may soon replace it.
2. Increased use of glass backsplashes. Glass backsplashes are becoming more popular in homes around the U.S. The study found that the material’s use increased from 41 percent in the first quarter of 2011 to 52 percent one year later.