Faucet Collection Aimed at Luxury Market
Noting recent research showing that the nation’s home owners and buyers are increasingly looking for upgraded products in their kitchens and bathrooms, Moen is offering a new line of faucets and accessories in cutting-edge styles designed to appeal to fashion-conscious consumers.
A leading designer and manufacturer of faucets, kitchen sinks and bathroom accessories, Moen is headquartered in the Cleveland suburb of North Olmsted, OH, and is a member of the National Council of the Housing Industry — the Supplier 100 of NAHB.
According to business gurus Michal J. Silverstein and Neil Fiske, in new home construction and remodeling projects, American consumers are looking to trade up. The average size of a new home has increased from 983 square feet to more than 2,200 square feet over the past 50 years, they say, and the average cost of a kitchen, in today’s dollars, has gone from about $9,000 to more than $57,000.