The Q4 2024 Houzz Renovation Barometer report for both the construction and architectural and design sectors signaled growth. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries.
Within the construction sector, the Expected Business Activity Indicator for the fourth quarter rose 10 points from Q3 to 62, while the Project Backlog Indicator was 10.5 weeks, 0.9 weeks lower than Q4 2023. The Recent Business Activity Indicator declined five points from Q2 2024 to 47 in Q3.
Within the architectural and design sectors, the Q4 Expected Business Activity Indicator improved 11 points from Q3 to 71. The Project Backlog Indicator was 6.3 weeks at the beginning of Q4, 0.2 weeks more than the year-ago period, and the Recent Business Activity Indicator fell by six points to 54 in Q3.
The Houzz Renovation Barometer results are determined by an online quarterly survey of U.S. architects and designers with a Houzz account. Scores over 50 indicate that a greater proportion of firms reported quarter-over-quarter increases than those reporting decreases. See Construction Barometer and Architectural and Design Barometer
