The National Association of Realtors has announced that existing-home sales rose 3.1% in January to a seasonally adjusted annual rate of 4.00 million. Prices also rose 5.1% in this category, with the median sales price at $379,100. This is the seventh month in a row we’ve seen year-over-year price gains.
Where’s the most recent focus in kitchen and bath remodeling? Here are some points from industry leaders interviewed for the magazine’s 2024 Outlook survey.
Bill Darcy, NKBA Global President & CEO, is focused on sustainability, saying, “Designers are growing increasingly more interested in specifying products that…conserve water and energy, are free of toxic materials, are responsibly and locally sourced and reduce industry waste.” “Aging in place; adding a curbless shower and ensuring there is enough room for a wheelchair is an advantage for the homeowner and a potential buyer as well,” was the view of Andy Apter, NARI President. Ed Brady, President & CEO of HBI, is anticipating, “Smaller footprints for cost efficiency; we will see more legislation adopting ADU policies to provide more units in the same space.”
