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Quartz Products Importers Reportedly Found Evading Tariffs
MINNEAPOLIS — U.S. Customs and Border Protection has taken punitive action against several companies charged with violating U.S. trade laws by attempting to evade tariffs on quartz surface product imports from China, Cambria Company LLC announced last week.
The Le Sueur, MN-based manufacturer of quartz surface products said that Customs officials, taking action under The Enforce and Protect Act (EAPA), found that 15 U.S. importers were guilty of misclassifying, undervaluing and illegally transshipping Chinese quartz surface products through Malaysia in order to evade the payment of antidumping and countervailing (AD/CVD) duties. Days later, Customs cracked down on two additional importers for illegally misclassifying their imports of Chinese quartz surface products as “crushed glass” surfaces, said Cambria, which has charged numerous Chinese producers and exporters, several Malaysian companies involved in transshipping merchandise, and numerous importers with participating in the tariff-evasion efforts.
Customs will suspend the entries of quartz surface products by the importers subject to the agency’s investigation until it receives instructions from the U.S. Commerce Dept. as to the correct AD/CVD rates that should be applied to the entries, Cambria said. Duties will then be imposed.
“Customs should be commended for its efforts in digging into the facts of this evasion scheme to ensure that the U.S. importers that were involved are held accountable for their illegal activity,” said Luke Meisner of Schagrin Associates, Cambria’s legal counsel. “Enforcement action in this investigation targets an unprecedented large number of U.S. importers and should send a clear signal to the industry that evaders can and will be caught.”
“This illegal evasion of the antidumping and countervailing duties on quartz surface products will not be tolerated,” said Arik Tendler, chief sales officer for Cambria. “Customs’ aggressive actions are important because they hold these importers accountable for their illegal evasion, deter other importers from engaging in similar evasion tactics, and ensure that the domestic industry receives the relief to which it is entitled under the U.S. trade laws.”
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Master Kitchen Designs Project in Houston, TX
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White Bathroom Remodeling Project in Houston, TX
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Leads Robust, But Margins Being Squeezed, KBDN Survey Finds
CHICAGO — Sales leads and project requests are robust, and revenue forecasts are bullish, but profit margins are reportedly being squeezed, COVID-19 remains a concern, and kitchen/bath dealers and designers continue to face supply-chain snafus, product price hikes, a skilled-labor shortage, and other headwinds to more robust growth in the months ahead.
That’s the primary consensus of a series of surveys conducted by Kitchen & Bath Design News and other industry sources attempting to get a handle on 2022 business prospects, following a year in which the kitchen/bath market witnessed sharp growth in both its remodeling and new-construction sectors, while COVID-19 continued to reshape the nation’s housing landscape, incomes and saving accounts rose, design trends and homeowner demographics evolved, and larger, more-multi-functional homes continued to remain a focus of consumer spending
But the pace of market growth, while projected to be palpable, has tapered off in recent months, and is expected to cool even more in the months ahead, as inflation scythes through the economy, product and labor availability continue to hamstring design/remodeling firms, housing affordability remains at historically low levels, and uncertainties tied to the coronavirus continue to loom.
KBDN’s nationwide survey of dealers and designers, conducted at the tail end of 2021, found that an overwhelming majority (86+%) of those polled said they expect their company’s revenue to either increase or remain roughly the same in 2022 compared to 2021. In contrast, less than 14% said they anticipate a revenue decline in 2022. Revenue gains are anticipated for both new and remodeled kitchens and baths, although dealers and designers are more bullish about revenue growth from kitchens (34.2%) than they are from baths (7.9%).
Dealers and designers also report that sales leads and project requests are up dramatically compared to the same time a year ago – understandable given how the current confluence of COVID-related demand, savings growth, home appreciation, government stimulus and other factors continue to spur homeowner spending. Specifically, a whopping 65+% of survey participants report their current sales leads are either somewhat or much higher now compared to a year ago, while only about 15% report that sales leads are lower and about 19% say they are about the same.
But while sales leads and strong, and revenue is generally expected to increase, surveyed dealers and designers paint a different picture when it comes to anticipated profit margins. For example, while 33.6% of those surveyed expect 2022 profit margins to increase, 14.2% expect margins to decline compared to 2021, and more than half (52.2%) expect margins to remain the same.
Other survey findings:
n With the COVID-driven emphasis on health and wellness, work-at-home arrangements and families sheltering in place, increases in client requests are being reported for products that range from universal design, smart appliances and aging-in-place elements to outdoor kitchens, anti-microbial materials and home ventilation.
n Pricing is apparently not a major factor for clients, many of whom seem willing to spend whatever it takes to get the kitchens and bathrooms that they want. For instance, while roughly 60% of the dealers and designers surveyed by KBDN say that pricing is either less important to clients or about the same as it was a year ago, far less (40%) say that pricing is more critical to clients now.
n While 51% of the design professionals surveyed say they are either extremely, very concerned or somewhat concerned about COVID-19 negatively impacting their business operations and profits in 2022, more than half (54%) say they are “not very” or “not at all” concerned, even in light of the new Omicron variant impacting the nation.
n While less than 5% of survey respondents report clients postponing or cancelling projects, nearly 44% report they are experiencing longer lead times for product deliveries and/or production and shipping delays.
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Pace of Market Growth Seen Cooling After Strong 2021 Gains
HACKETTSTOWN, NJ — Ongoing supply-chain disruptions coupled with labor shortages, higher material costs and emerging uncertainties wrought by COVID-19 are cooling the pace of kitchen and bath market growth in the wake of an exceptionally strong year in 2021.
According to the latest Market Forecast Report issued in recent weeks by the National Kitchen & Bath Association, the 2021 kitchen and bath industry posted healthy, double-digit gains over 2020, although growth projections were “pared back a bit” compared to the NKBA’s previous (July 2021) forecast, “as lingering issues caused by the pandemic seem to be catching up to consumer sentiment.”
The NKBA projected total 2021 revenues of $167 billion, a 19% increase over the $141 billion that was posted in 2020, but lower than earlier forecasts, which predicted that full-year revenue totals would reach $171 billion.
“2021 has been like none other for our industry, as strong growth across virtually every sector led to record revenues,” said Bill Darcy, CEO of the Hackettstown, NJ-based NKBA. However, some homeowners, faced with price increases related to supply chain disruptions, “are deferring projects until they’ve enough saved to get exactly what they want, or in the hope that costs will come down,” Darcy added.
The NKBA reported a nearly 10% year-over-year growth in the kitchen and bath remodeling sector in 2021, and a 26% growth in the new construction sector. Premium projects were up by more than 22%, while low-end projects grew about 11%, “suggesting a cooling of the DIY trend,” the NKBA said.
“These findings are very encouraging and indicate that…growth should be sustained into 2022,” Darcy said.
In related news, the latest NKBA/John Burns Real Estate Consulting “Kitchen & Bath Market Index,” issued in December, remained in “solidly expanding territory,” but cooled from the record number posted in the previous quarter. Expected future activity “also tailed off a bit,” having peaked in the first quarter of 2021, reported the NKBA and John Burns.
“In relative terms, the outlook remains quite positive,” with association members projecting about a 9% sales gain in 2022 – “impressive if it holds true, given 2021’s strong growth,” said the NKBA, adding that supply chain disruptions, cost of materials and availability of skilled labor are hampering the industry’s ability to take full advantage of strong demand…as NKBA members scramble to meet client needs, with most resorting to brands they’ve never previously used.”
Other findings of the NKBA/John Burns Report were as follows:
n The challenging business environment has forced the industry to become “supplier/vendor agnostic” – prioritizing product availability above other factors. The industry has also moved toward sourcing more domestic-based products in an attempt to circumvent global supply chain issues. Manufacturers are prioritizing high-value products to protect profit margins while stockpiling excess materials to help ease lead times and overall constraints.
n The kitchen and bath industry continues to feel the pains of ongoing supply chain challenges. Port congestion is further compounding strained supply chains that are still recovering from the effects of Winter Storm Uri and Hurricane Ida, while labor shortages are causing delays in the trucking industry. Meanwhile, lead times for domestic and foreign raw materials are well over 6+ weeks and has many within the sector struggling to keep up with demand in today’s economy. As a result, product backlogs extend well into 2022 as these difficulties prevent those in the industry from staffing full production schedules.
n Even in the face of ongoing challenges, the industry remains cautiously optimistic about the health of the sector. Despite projects being pushed into 2022, the industry is continuing to see demand for building and construction projects as 84% of firms report low postponement rates and 90% report low cancellation rates relative to their overall project volume.
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Considering a Bathroom Remodel? Read This First
Many homeowners are dreaming of making their home more beautiful with a bathroom remodeling project, but there are a few things everyone needs to know before remodeling a bathroom. A bathroom remodel or bathroom renovation can be a really exciting experience, but one that you should be well prepared for so that you can know
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Best Kitchen Cabinets Buying Guide [ Tips & Tricks ]
One of the biggest investments you can make in a kitchen is to have new kitchen cabinets installed. Quality kitchen cabinets usually account for about twenty five percent of a kitchen remodel’s cost, so you want to be sure to make an informed decision when buying kitchen cabinets. With all of the kitchen cabinet options
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6 Popular Kitchen Remodel Ideas That Will Refresh Your Kitchen
There are many small kitchen remodel ideas out there to choose from, so it is a good decision to get as much information about them before starting a small kitchen remodeling project. Small kitchen ideas can be really exciting to think about, and there are a lot of benefits to doing a small kitchen update.
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Top 15 Gorgeous Small Bathroom Remodel Ideas for Every Taste
Just because you have a bathroom that is a bit on the small side, does not mean that you can’t make it an incredible space, you just need the right small bathroom remodel ideas. A good small bathroom design will make it seem bigger than it is after a small bathroom remodel. When preparing to
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Millennials’ Impact Seen Increasing for 2022 Kitchen, Bath Designs
HACKETTSTOWN, NJ Millennial clients – particularly those with children – are increasing in influence while the impact of Baby Boomer clients is gradually declining and Gen X is remaining constant, according to a 2022 Design Trends Forecast released this week by the National Kitchen & Bath Association.
The NKBA’s annual design trends forecast points to a gradual, yet palpable, shift in the primary customer base for new and remodeled kitchens and baths, after several decades in which the market was driven largely by a huge cohort of Baby Boomers (aged 57-75) and Gen Xers (aged 41-56) consumers.
While baby boom and Gen-X consumers remain the industry’s predominant buying force, the steady increase in business from Millennial clients (ages 25-40) is increasingly impacting both market share and anticipated kitchen and bath design trends, according to the NKBA, which said Millennials’ impact has “a high probability of increasing in the future.”
“Those working with Millennials see slightly less-expensive projects, but that’s likely driven by Millennials’ lower disposable income during their current life stage,” said the NKBA, whose 2022 Design Trends Forecast was based on a survey of approximately 650 designers, dealers, and other design professionals. The survey’s aim was to identify styles, features and materials that are expected to be more popular in the next several years; to identify the products that have the most dramatic impact on today’s kitchens and bathrooms; to assess if there are notable variations in designer client base profiles; and to predict if client base profiles are predictors of perceived design trends.
Among the overarching themes emerging from the NKBA’s 2022 survey is that kitchen clients generally want flex space for work, touchless fixtures, easy-to-clean surfaces, outdoor living areas, LED lighting and recycling storage. There is also a concerted desire for mobile-friendly spaces, healthy cooking, app-controlled appliances and voice-activated lighting, the NKBA said.
In the bathroom, consumers want a large shower, and are likely to remove tubs in order
to allocate more space or access to storage/dressing areas, the NKBA said. There is also a pronounced need for energy and water efficiency, connected products such as water temperature controls, entertainment and communication, the association added.
In general, new kitchen and bathroom design is emerging from nature-inspired themes, the NKBA reported. “Organic, natural styles are prominent in both kitchens and bathrooms, especially among Millennials, (and) increased natural light with large, high-performance windows and doors for outdoor access will be prominent,” the NKBA said.
“Homeowners have a desire for spaces that can multi-function,” the NKBA observed, pointing to a growing trend toward large islands for food prep that also function as dining tables, homework and work from home; flexible space for home office activities; pantries that include space for storage and a working area for small appliances; and workstation sinks with built-in features (drying racks,
cutting boards, etc.) In addition, bathrooms that connect to dressing areas and/or laundry facilities, and vanities and medicine cabinets with outlets are also experiencing increased popularity.
When designing new spaces, homeowners are generally thinking about the following:
n Cleanliness: easy-to-clean surfaces and countertops that are sanitary and non-porous. The current strong demand for quartz is expected to continue, as are the popularity of larger-format tile or slabs with less grout, and touchless faucets.
n Sustainable design: 100% LED lighting; a dedicated recycling area; low-E windows and doors; Energy star/efficient products; EPA WaterSense fixtures; VOC-free paint; products with recycled materials, and radiant flooring.
n Universal design: spaces that will allow for aging in place; curb-less showers; fewer free-standing tubs, grab bars, seats in showers and-held shower heads.
Although homeowners are excited about integrated technology, it is not being utilized in most projects. Specifically, only 30% and 21% of kitchen and bath projects, respectively, include integrated technology features, the NKBA reported.
“Designers have new ways to interact with their clients, especially Millennials,” the NKBA said. “Future design projects will include a mix of in-person and virtual meetings. In-person meetings both in designer’s offices and at the client’s home will be most prominent.
“Designers will (also) take advantage of virtual channels with video calls and video meetings with clients,” NKBA researchers added. “Millennials are more open to virtual meetings while Boomers are looking for regular onsite meetings at their home.”
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