9/22/2023 0 Comments Houzz interior designers near meThe Q3 2023 Barometer was fielded June 22-July 1 and garnered responses from nearly 1,000 home improvement firms on Houzz. The Houzz Renovation Barometer is based on a quarterly online survey sent to a national panel of businesses with an online profile on Houzz. ![]() Businesses in the East South Central division (Alabama, Kentucky, Mississippi, and Tennessee) reported backlogs of 9.2 weeks, while the West North Central division (including North Dakota, South Dakota, Nebraska, Kansas, Missouri, Iowa, and Minnesota) showed much shorter backlogs at 2.5 weeks. ![]() This follows a continuous decline over eight consecutive quarters.įor the construction sector, the New England division (including Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont) has the longest backlog (21.8 weeks), compared with a 7.9-week backlog in the West South Central division (including Arkansas, Louisiana, Oklahoma, and Texas).īacklogs also vary across all regional divisions in the architecture and design services sector. The Recent Business Activity Indicator slightly increased by one point to 43 in Q2, with interior designers at 46 vs.The decline is primarily driven by a 6-point drop in expectations for new committed projects to 52 in Q3. This minimalist deck focuses attention on the sweeping views of the surrounding hills. The Expected Business Activity Indicator related to project inquiries and new committed projects decreased by four points to 52 in Q3.That said, ongoing labor shortages and product and material delays will continue.” “We continue to monitor the industry to identify whether improvements to inflation and other economic indicators create more stable pricing for businesses and an environment in which homeowners proceed with their full project scope. “Pent-up demand and macroeconomic conditions, such as aging housing stock and high mortgage rates, which continue to drive home improvement activity, are instilling a sense of optimism among builders, remodelers, architects and interior designers as they look ahead to the second half of the year,” said Marine Sargsyan, Houzz staff economist. construction sector and the architectural and design services sector. The report tracks residential renovation market expectations, project backlogs and recent activity among businesses in the U.S. Renovation Barometer released by Houzz Inc., a platform for home remodeling and design. That’s a key finding in the recent Q3 2023 Houzz U.S. Slightly more professionals across sectors anticipate business growth rather than declines in the third quarter of 2023, following slowed activity and homeowner requests to postpone or reduce the scope of their projects in the first half of the year.
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