Confidence in Renovation Market Remains High

Window & Door
April 17, 2017
Markets

Houzz Inc. released the Q1 2017 Houzz Renovation Barometer, which reflected widespread quarter-over-quarter confidence for a variety of building-related industry sectors.

The Barometer posted high year-over-year readings in Q1 2017, exceeding scores for Q4 2016. Design-build firms and remodelers continue to project high confidence in year-over-year market gains, while architects show a renewed confidence in the market.

While confidence and expectations remain high, labor shortages continue to hinder industry growth, as reported by 75 percent of general contractors, remodelers and design-build firms surveyed for the study.

The Houzz Renovation Barometer tracks quarterly fluctuations in business activity related to renovation of owner-occupied existing homes. The study is conducted quarterly and presents an analysis of responses to an online survey of a national U.S. panel of architects, interior designers, general contractors/remodelers, design-build firms, and building/renovation and landscape/outdoor specialties. The full Q1 2017 report can be found here.