Submitted by lfisher on Tue, 12/17/2019 - 19:04
INDUSTRY NEWS UPDATE - DECEMBER 17, 2019

The Kitchen Cabinet Manufacturers Association regularly tracks what's going on in the cabinet industry - check out our latest post below for the latest updates:

2020 REMODELING PREDICTIONS

Economists from the National Association of Home Builders predict (cautiously) a stable market next year with some slow down towards the end of the year.

Overall economic predictions have varied from a global recession to a growing economy in 2020 but NAHB market reports show a steady confidence in the remodeling market.

“The demand for remodeling is fueled by a healthy labor market and low interest rates,” said NAHB Chief Economist Robert Dietz. “However, the remodeling market is still constrained by high costs and lack of skilled labor.”

Click here to read more.

KCMA

KCMA MEMBER NEWS - ACPI ANNOUNCES AGREEMENT TO ACQUIRE MASCO CABINETRY

Last week KCMA member acpi announced that it has entered into an agreement to purchase Masco Cabinetry, including popular brands Kraftmaid, Merillat, Quality Cabinets, and more.

“We understand the market needs and are proud to offer high-quality domestic cabinetry to our customers in all channels and at all customization levels and price points,” stated Larry Denbrock, President and CEO, acpi. “Masco Cabinetry is the logical choice to help us further execute acpi’s brand promise: high-quality cabinetry at a great value, and peace of mind for our customers...”

The sale is expected to be completed by the end of the first quarter of 2020.

Click here to read more.

KCMA

TRUMP THREATENS HIGHER TARIFFS IF CHINA DOES NOT AGREE TO TRADE DEAL

Last month President Trump threatened even higher tariffs on Chinese goods if the country cannot make a reasonable deal on trade. The US and China have been locked in a stalemate on trade negotiations. We previously reported on an initial deal, or "phase one" deal, that the two countries agreed to in October, but neither has indicated a path forward.

Click here to read more.

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Visit the KCMA website to learn more about becoming a member today - get news like this and much more.