Hardware Retailing The Industry's Source for Insights and Information
Houzz, the leading platform for home renovation and design, just released its 2022 U.S. Houzz Kitchen Trends Study, which gathered data from 2,400 U.S. homeowners who are planning, in the midst of or just finished a kitchen renovation.
The study found that kitchen countertops are a top priority this year, with 35 percent of survey respondents splurging on countertops. They are also the most frequently upgraded part of the kitchen, with nine out of 10 homeowners changing out their countertops during a kitchen renovation. The survey found that homeowners choose their countertops based mainly on the look and feel and the most popular materials are engineered quartz and granite, with 42 percent and 24 percent of respondents desiring those types of countertops. White is the most popular color for countertops, with 39 percent wanting that color, up six percentage points from last year.
“It is clear that homeowners are willing to spend a little more to get exactly what they want in countertops that are both beautiful and practical, despite rising prices of labor, products and materials,” says Marine Sargsyan, Houzz senior economist. “We’re seeing a rise in overall kitchen renovation spend as homeowners not only splurge on specific features but also make major modifications to the kitchen layout, systems and walls, many of which require the assistance of licensed home professionals. In fact, hiring rates for home professionals to complete these projects are the highest we’ve seen in four years.”
Homeowners spent more on both major and minor kitchen remodels in 2021, with the median cost for a major renovation at $40,000, up 14 percent from 2020, and the median cost for a minor renovation at $10,000, up 25 percent from last year. More homeowners also hired professional help in 2021, with 89 percent of renovations done by a professional, up from 85 percent in 2020.
For additional insights into kitchen renovation trends for 2022, check out the report here. And for a look at products to stock that your customers will want in their new kitchen spaces, click here and here.
Lead image courtesy of ©Houzz
