Houzz, the social media platform for home remodeling and design, has released its first Houzz Renovation Barometer which tracks confidence in the home renovation market among industry professionals.
The inaugural Houzz Renovation Barometer posted an index value of 74 or higher across all company types for the last three months of 2014, indicating optimism about a continued industry rebound, relative to the same period of 2013. Confidence in the industry’s recovery continues, with the Houzz Renovation Barometer posting an index value of 75 or higher for the first quarter. A reading above 50 indicates more firms reported an increase than a decrease in business activity related to existing homes in a given quarter than the prior quarter.