Data Watch: Home Renovation Professionals Expect Growth in 2017

It turns out that 2016, with all its surprises, was a pretty decent year to be a home renovation professional in the U.S. Why? For many businesses, it was a good one for the bottom line. Revenues grew for more than two-thirds of companies, while profits increased for more than half, according to a new report from the Houzz research team. Many renovation companies are expecting 2017 to be an even stronger growth year — even though labor and material costs continue to cut into profits.

Read on for an outlook for this year, and a recap of last, from the 2017 Houzz State of the Industry study, which surveyed more than 4,800 residential renovation and design firms on Houzz.

via Data Watch: Home Renovation Professionals Expect Growth in 2017

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