Data Watch: Home Renovation Industry Confidence Remains High

The latest Houzz Renovation Barometer, which tracks the renovation industry, shows high quarter-over-quarter optimism among home renovation professionals that the market continues to improve. That said, readings show a six to 11 percent dip in confidence compared with last quarter across all industry groups (with the exception of outdoor professionals, who report a drop of 21 percent), probably due to seasonal slowing, hiring challenges and a backlog of projects from the spring months.

“Despite the start of a seasonal slowdown in incoming inquiries and new projects this quarter compared to last,” said Nino Sitchinava, the principal economist at Houzz, “the barometer readings consistently show year-over-year gains in the past three quarters of 2015, pointing to healthy improvements in the remodeling industry compared to last year.”

via Data Watch: Home Renovation Industry Confidence Remains High

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