• Overall quarter-over-quarter renovation confidence is high coming into 2017.
  • Architects and specialty landscaping firms report the highest level of inquiries.

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.

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 100.

According to Houzz, this year’s quarter one numbers are in line with 2016’s report and set the stage for a robust year.

Optimism and confidence

The 2016 Q1 barometer showed 3 to 18 percent quarter-over-quarter increases in optimism and confidence from the final quarter of 2016.

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.

Landscape specialty firms led the way with the highest number of inquiries (88) and number of new projects (90). Building and renovation specialty firms reported the largest spike in the size of new projects (81).

Regional views

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

Out of all the categories, building and outdoor firms had the weakest confidence with a score of 65. Houzz says the low numbers are most likely due to a flurry of winter storm activity.

Despite a slump in confidence in the Northeast, year-over-year market gains in confidence continue to be steady, except for the design industry reporting slightly weaker scores from the first quarter of 2016.

Read the full report here.

Email Marian McPherson 

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
×