Houzz predicts a decline in open kitchens, Christian Siriano is coming for the
It’s been a strange week of news (to put it mildly), yet the industry pushes on. Stay in the know with our weekly roundup of headlines, launches and events, recommended reading, and more.
Jay Timmons, head of the National Association of Manufacturers (and former executive director of the National Republican Senatorial Committee), released a statement on behalf of the trade group calling on Vice President Mike Pence to “seriously consider” invoking the 25th Amendment to remove President Donald Trump from office. The NAM denounced the events in Washington, D.C., that interrupted the congressional gathering set to count Electoral College results and officially declare Joe Biden president, saying the events were “not the vision of America that manufacturers believe in,” reports CNBC. The NAM includes several home industry trade organizations, including the Association of Woodworking & Furnishings Suppliers, the Kitchen Cabinet Manufacturers Association, the National Council of Textile Organizations and more.
The Small Business Administration, in consultation with the U.S. Treasury, announced Friday that it relaunched the Paycheck Protection Program on January 11 for borrowers at community financial institutions, reports Inc. That PPP is being made available two full days before second-time borrowers, who will be able to apply for relief on January 13. As reported by features editor Diana Ransom, the intention of a measured rollout is to ensure increased access to PPP funds by businesses owned by minorities, the underserved, veterans and women, but the new wave of support won’t be without complications. Not only were applications unavailable on Friday, but according to Inc., lenders don’t have the systems in place for the program, nor has there been sufficient education and guidance provided to applicants about the parameters of the loans.
On Saturday, China’s Ministry of Commerce issued an order that essentially permits Chinese companies to ignore international trade restrictions, allowing the country’s officials and businesses to take legal action against other Chinese parties who comply with foreign commerce limitations. The new measures empower government officials to issue orders to businesses that permit noncompliance with foreign restrictions. As reported by The New York Times, while the officials did not target any specific country, the new rules could potentially put global companies in the middle of ongoing economic disagreements waged between Beijing and Washington.
Houzz has released the results of its 2021 U.S. Kitchen Trends Study, which surveyed more than 2,000 U.S. homeowners about ongoing, planned or completed kitchen renovations. Cabinetry was the big winner: 94 percent of respondents reported work on cabinets; 63 percent of cabinets were replaced and 76 percent of them chose custom or semi-custom cabinetry. The percentage of homeowners looking to revamp their pantry space grew, with 46 percent upgrading pantry cabinets (up 3 percent from last year). The median spend on major kitchen remodels was $35,000, consistent with 2019 spending. Other conclusions from the study include a downturn in open floor plans, an increase in kitchen island appliances and fewer hardwood floors in favor of vinyl.