• Houzz released its Q1 Renovation Barometer, a report that tracks confidence in the home renovation market among a range of industry professionals.
  • Houzz reported quarter-over-quarter and year-over-year increases in market confidence among design professionals, and they predict a "rosy" second quarter as well.

Houzz released its Q1 Renovation Barometer, a report that tracks confidence in the home renovation market among a range of industry professionals, such as interior designers, architects and professional landscapers.

[Tweet “.@houzz: Renovation/Design industry professionals are confident in the market.”]

The report, which records differences in year-over-year and quarter-over-quarter market improvements, showed high first quarter readings, ranging from 68 to 75 out of a 100.

According to Houzz, this year’s quarter one numbers are in line with 2015’s report and should set the stage for an equally impressive second quarter.

[Tweet “Q1 readings are 68–75 out of 100, and Q2’s readings should be just as impressive.”]

Screen Shot 2016-04-20 at 12.05.30 PM

Optimism and confidence

The 2016 Q1 barometer showed 6 to 26 percent quarter-over-quarter increases in optimism and confidence from the final quarter of 2015.

Furthermore, the majority of firms that participated in the study reported quarter-over-quarter increases in the number of inquiries, the number of new projects and the size of those projects.

Design-Build firms led the way with the highest number of inquiries (79), number of new projects (75) and size of new projects (71).

[Tweet “Design-Build firms led the way in quarter-over-quarter numbers.”]

Screen Shot 2016-04-20 at 12.05.16 PM

Regional views

In terms of the variances among the four major regions, firms in the West reported the least amount of confidence in the market.

Out of all the categories, architect firms had the weakest confidence with a score of 67. Houzz says the low numbers are most likely due to rainier weather conditions in the early parts of the year.

Year-over-year market gains in confidence continue to be high, despite four (designer, architect, design-build, specialty building/renovation) industries reporting slightly weaker scores from the first quarter of 2015.

Screen Shot 2016-04-20 at 12.19.27 PM

In year-over-year business metrics, GC/Remodelers fared the best with a score of 81 for new inquiries and a score of 75 for the size of new projects.

Landscape/Outdoor firms led the way in the number of new projects with a score of 81. The Northeast region reported the highest level of confidence in year-over-year market gains with scores ranging from 67 to 78.

[Tweet “GC/Remodelers and Landscape/Outdoor firms had the highest year-over-year numbers.”]

Screen Shot 2016-04-20 at 12.28.19 PM

Read the full report here.

Email Marian McPherson.

Connect with me on Facebook!

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×