The Houzz State of the Industry is an annual report providing an overview of 2015 and an outlook for 2016 for residential renovation and design businesses, based on data reported by more than 3,500 professionals in the Houzz community.
Findings from the 2016 Houzz State of the Industry include:
- Firms are bullish on 2016: Home renovation and design businesses on Houzz anticipate more widespread revenue and profit growth in 2016 than they experienced in 2015.
- Gaps between revenue & profit growth in 2015: A smaller proportion of firms reported profit growth than those who reported revenue growth in 2015, for nearly all industry groups.
- Cost and labor shortage concerns persist: Top challenges firms are facing heading into 2016 include managing consumer expectations and budget concerns, rising business costs, and shortages of employees and/or subcontractors.
Download the current annual report to learn about home renovation and design businesses' projections for 2016, as well as a recap of how their businesses fared in 2015.