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No Sweat: Remodelers Remain Confident in Industry’s Future

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Business

No Sweat: Remodelers Remain Confident in Industry’s Future

The industry is hurting, but professionals aren't worried


    By By James F. McClister August 15, 2017
    houzz study about remodelers' market sentiments
    This article first appeared in the August 2017 issue of Pro Remodeler.

    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. 

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    written by

    James F. McClister

    James McClister is managing editor for Professional Remodeler.

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