Houzz recently released its Q2 2017 Houzz Renovation Barometer, which tracks confidence in the home renovation market among a range of industry professionals, including builders, remodelers, architects, and designers. The study found that quarter-over-quarter confidence is high. More firms reported market activity increasing than decreasing quarter-over-quarter, as reflected in Barometer readings exceeding 50 points across all industry groups (63-78 out of 100).
The study also introduces the Houzz Renovation Barometer Backlog Index. This index shows a project backlog of four to seven weeks on average across sectors, indicating delays of over a month before companies can take on new projects. Similar to last year, many remodelers continue to report a shift in their project mix toward larger-scale and higher-end projects. A third are experiencing a growing demand for smart home technologies and increased preparation for retirement through aging-in-place related upgrades.