Houzz has released the Q1 Renovation Barometer, which tracks confidence in the home renovation market among industry professionals.
The Q1 Barometer readings reflect strong quarter-over-quarter confidence for all industry groups, with readings of 68 or higher, indicating a seasonal uptick in market activity. The readings for Q1 are in line with scores for the same quarter in 2015, with the exception of architects and outdoor specialty firms that report somewhat weaker confidence scores in Q1. All industry groups report a rosy outlook for the second quarter of the year.