Houzz: Construction Pros Lower Expectations for New Projects in Q3
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.