Residential remodelers nationwide say they’re confident in the industry’s future, according to the latest Houzz Renovation Barometer.
In a survey of more than 2,400 remodeling professionals spanning the spectrum of the field, from landscapers to architects, Houzz researchers found that despite a persistent labor shortage and the rising cost of materials, sentiments regarding the remodeling industry remain positive. Below are some of the survey’s key results:
- Quarter-over-quarter market confidence stumbled 3 percentage points from 76 to 73 percent for design-build firms. However, the number is still high for the index and indicates consistent confidence among remodeling professionals.
- Houzz’s newly introduced Renovation Barometer Backlog Index showed an average four-to-seven-week delay across all surveyed sectors, with design-build firms having the highest average backlogs at 7.4 weeks. Those delays were particularly prevalent in the West.
- Kitchen and bathroom projects continue to lead the industry. But where those jobs have remained constant, a new and growing trend is the shift to larger-scale and higher-end jobs.
Add new comment
Related Stories
3 Ways to Start and Operate a Successful Handyman Division
So, you want to start a small projects division? Three successful remodelers lay out their winning approaches and hard-learned lessons
6 Tips for Software Adoption in a Remodeling Company
A design-build owner shares how he successfully implemented new softwares into his processes
6 Results-Proven Marketing and Sales Tips for Contractors
The Pinnacle Experience’s keynote speaker, author of "They Ask, You Answer" offers results-driven tips contractors can start today for improved leads
Forty Under 40 Remodeling Trendsetters
The new ideas embraced by our Forty Under 40 winners are examples of forward-thinking leadership in remodeling
How to Create a World-Class Remodeling Team
Great remodeling companies position themselves for the future with the right players
How to Increase Your Odds of Closing Remodeling Sales
Use these tips to hone your sales process and grow close ratio
Everyone Should Have a Number: KPIs for Your Design Build Team
Measuring key performance indicators guides your team to success while creating accountability and ownership
Becoming Profitable in Your Remodeling Niche
The 2023 NAHB Remodelers Chair shares insights and advice for contractors in our 2024 Thought Leader predictions series
Combat Remodeling Market Pullback with Increased Marketing
Mosby Building Arts' president shares his expert predictions and approaches to remodeling in 2024 for Pro Remodeler's Thought Leader predictions series