Confidence High in Home Remodeling Industry
More than two-thirds of home renovation businesses are seeing revenues and profits equal or greater to pre-recessional levels, according to a new analysis, and about one-fifth of firms are reporting that their revenues and profits are significantly higher.
Online home design platform Houzz released on July 22 its Q2 2015 Houzz Renovation Barometer, which measures how confident home renovation professionals are regarding the strength of the industry.
“A large majority of home renovation firms on Houzz report a return to pre-recession revenues and profits, irrespective of industry segment or firm size,” said Nino Sitchinava, Houzz principal economist, in a news release.
The latest edition of the study also found that there have been very slight year-over-year gains and quite strong quarte...