• Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • PRODUCTS
  • A&D
  • INSTALLATION
  • MARKETS
  • AWARDS
  • EDUCATION
  • BUYER'S GUIDE
  • MEDIA
  • EMAGAZINE
  • SIGN UP
cart
facebook twitter linkedin youtube
  • NEWS
  • Breaking Flooring News
  • eNewsletters
  • PRODUCTS
  • Carpet & Area Rugs
  • Hardwood
  • Installation Products
  • Installation Tools & Equipment
  • Laminate
  • Resilient
  • Specialty
  • Tile & Stone
  • MARKETS
  • Commercial
  • Residential
  • AWARDS
  • Installation Awards
  • Top Flooring Products
  • EDUCATION
  • Continuing Education
  • Webinars
  • MEDIA
  • FLOOR Podcast
  • Videos
  • TISE 2025 Videos
  • eBooks
  • EMAGAZINE
  • eMagazine
  • Archive Issues
  • Contact
  • Advertise
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
    • Breaking Flooring News
    • eNewsletters
  • PRODUCTS
    • Carpet & Area Rugs
    • Hardwood
    • Installation Products
    • Installation Tools & Equipment
    • Laminate
    • Resilient
    • Specialty
    • Tile & Stone
  • A&D
  • INSTALLATION
  • MARKETS
    • Commercial
    • Residential
  • AWARDS
    • Installation Awards
    • Top Flooring Products
  • EDUCATION
    • Continuing Education
    • Webinars
  • BUYER'S GUIDE
  • MEDIA
    • FLOOR Podcast
    • Videos
    • TISE 2025 Videos
    • eBooks
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP
Breaking Flooring NewsResidential Flooring

Houzz: Construction Pros Lower Expectations for New Projects in Q3

Houzz Expected Business Activity Indicator US Construction.jpg
July 26, 2022

Expectations for continued demand are tempered among construction professionals as homeowners await signs of national economic stability, according to the Q3 2022 Houzz Renovation Barometer released by remodeling an design platform Houzz Inc.. Meanwhile, following record high wait times before professionals can begin work on a new midsize project, businesses report that backlogs are decreasing across the industry.  

The Barometer, which was fielded from June 30 through July 11, 2022, provides timely insights into the impact of recent economic volatility on the home renovation market. 

“Following the strong residential remodeling and design activity of the past two years, it’s unsurprising that businesses are leveling their expectations as current economic conditions now impact both sides of the industry,” said Marine Sargsyan, Houzz staff economist. “Rising interest rates and inflation have put downward pressure on homeowners' demand for professional services in the short term, giving pros an opportunity to clear up lengthy backlogs. That said, homeowners managing the demands of aging housing stock and housing market shortages will continue to drive home renovation and design activity in the long run.” 

In the construction industry, build-only and design-build professionals are aligned on anticipated business performance and recent business activity. As project inquiries declined significantly in Q2 2022 among the two business groups, both have lowered their expectations for new committed projects in Q3 2022. Regionally, expectations for business activity are highest among New England firms (69), and lowest among professionals in the Pacific division (46). 

  • The Expected Business Activity Indicator related to project inquiries and new committed projects decreased to 62 in Q3 (compared to 67 in Q2). Expectations for project inquiries declined to 62, compared to 65 in Q2, and new committed projects reduced to 63, down six points relative to expectations in Q2 (69).  
  • The Project Backlog Indicator is 10.5 weeks in the beginning of Q3, a return to similar wait times from a year ago after reaching a five-year peak in Q2 (12 weeks). 
  • The Recent Business Activity Indicator related to project inquiries and new committed projects declined to 63 in Q2. This reflects an eight point drop from Q1, however it is five points higher than the same period prior to the pandemic (58 in Q2 2019). This is driven by a 10-point decline in project inquiries in Q2, relative to the previous quarter, and by a decrease in new committed projects to 65 (72 points relative to Q1 2022). 

Backlogs continue for the construction sector. The New England division (including Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont) has the longest backlog (13.8 weeks) driven primarily by build-only firms in the region (14.4 weeks), while design-build remodelers report 13.3 week wait times. Businesses in the Mountain division (which includes Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming) report backlogs of 9.2 weeks before they can begin a new project, the shortest wait time reported by construction firms among the nine Census divisions. Compared to the same quarter one year ago, backlogs for the construction sector are longer across five of the nine Census divisions (East South Central, Middle Atlantic, Mountain, New England and West South Central divisions).


KEYWORDS: construction housing market

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • resilient flooring

    The 7 Types of Resilient Flooring

    The resilient flooring category is comprised of many...
    Resilient Flooring
    By: Resilient Floorcovering Institute
  • QuickDrain USA’s ShowerLine linear drain

    Tips for Curbless Shower Installation Using a Linear Drain

    Consider these four tips when planning for a curbless...
    Flooring Installation
    By: Darryl Jones
  • 2024 New Flooring Product Guide

    2024 New Flooring Products Guide

    We explore this year's introductions in area rugs,...
    Floor Coverings
    By: FLOOR Trends & Installation Editors
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eMagazine
  • eNewsletter
  • Online Registration
  • Manage My Preferences
  • Subscription Customer Service

Takeaways from the 2024 AHSG Convention & Member Outlook for 2025

Takeaways from the 2024 AHSG Convention & Member Outlook for 2025

Retailers Share Top Takeaways from Shaw Flooring Network Convention

Retailers Share Top Takeaways from Shaw Flooring Network Convention

Shaw Flooring Network Retailers Report Post-Election Sales Surge

Shaw Flooring Network Retailers Report Post-Election Sales Surge

What Shaw Flooring Network Dealers are Banking on for 2025

What Shaw Flooring Network Dealers are Banking on for 2025

More Videos

Popular Stories

salesperson meeting with clients

How to Dominate Flooring Sales: The Art of Listening Before Selling

Fishman Knoxville Tennessee location interior

From Tariff Talk to Trade Labor: Fishman's West Region Manager on Flooring Industry Challenges

Mimi Mulugeta and Michael Barrows

Military Vet Trades Retirement for New Flooring Venture in Alpharetta


Download the Free Moisture Meters Guide

Events

December 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Poll

Growth Challenges in the Flooring Industry

What’s holding you back from growth in 2025?
View Results Poll Archive

Products

2025 BNI Interiors Square Foot Costbook

2025 BNI Interiors Square Foot Costbook

See More Products

FLOORtalk podcasts - Listen Now

Related Articles

  • Houzz Logo

    Houzz Barometer: Construction Activity Dips in Q3, but Professionals Optimistic for Q4

    See More
  • US Architectural and Designer Services Q3 2022 Houzz.jpg

    Houzz: Architects, Interior Designers Temper Expectations for Q3

    See More
  • Houzz 2025 Q2 Construction Barometer

    Construction and Design Pros Scale Back Q2 Expectations Amid Tariff Concerns

    See More

Related Products

See More Products
  • BNI Interiors Square Foot Costbook 2025 Edition

    2025 BNI Interiors Square Foot Costbook

  • floorfinishes.jpg

    Environmental Impact of Materials: Floor Finishes

  • radiant.jpg

    Radiant Floor Heating, Second Edition

See More Products
×

We’re rolling out the red carpet of flooring knowledge!

Stay in the know on the latest flooring retail trends.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Instagram
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing

search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
    • Breaking Flooring News
    • eNewsletters
  • PRODUCTS
    • Carpet & Area Rugs
    • Hardwood
    • Installation Products
    • Installation Tools & Equipment
    • Laminate
    • Resilient
    • Specialty
    • Tile & Stone
  • A&D
  • INSTALLATION
  • MARKETS
    • Commercial
    • Residential
  • AWARDS
    • Installation Awards
    • Top Flooring Products
  • EDUCATION
    • Continuing Education
    • Webinars
  • BUYER'S GUIDE
  • MEDIA
    • FLOOR Podcast
    • Videos
    • TISE 2025 Videos
    • eBooks
  • EMAGAZINE
    • eMagazine
    • Archive Issues
    • Contact
    • Advertise
  • SIGN UP