Houzz released the Q3 Renovation Barometer, which tracks confidence in the home renovation market among industry professionals.
The Q3 Barometer revealed that optimism in quarter-over-quarter market improvements remains high across industry professionals, with high index scores of 65 or higher in market confidence. However, readings for Q3 are 6% to 11% lower than readings from Q2 across all industry groups. Landscape specialty firms are the exception, having reported a decrease of 21%, likely due to seasonal patterns.