Findings from the Q4 2016 Houzz Renovation Barometer include:
- Quarter-Over-Quarter Uptick: The Houzz Renovation Barometer, which tracks industry optimism in year-over-year and quarter-over-quarter market improvements, posted Q4 readings exceeding 50 points across all industry groups (54-67 out of 100), as more firms report market activity increasing than decreasing quarter over quarter.
- Year-Over-Year Growth Continues to Slow for Architects: The Barometer posted high year-over-year readings of 61-75 in the fourth quarter of 2016, which is in line with scores for Q3 2016 for most industry groups (64-77). The scores of construction-related firms held steady for five quarters in a row in the mid-70s. In contrast, architects continued to report a six-quarter-long decline in confidence (from 72 in Q2 2015 to 61 in Q4 2016).
- Bullish for the start of 2017: Home renovation and design firms are bullish about the first quarter of 2017, with all industry groups optimistic about quarter-over-quarter market gains, as reflected in scores of 72-78.
Download the current quarterly report to learn about the current state of professional confidence in the quarter-over-quarter and year-over-year improvements in the home renovation market on national, state and metro levels.