Houzz Renovation Barometer Positive for Q1
The Q1 2020 Houzz Renovation Barometer tracking residential renovation market expectations and recent business activity in the construction and architectural design services industries was recently released. The barometer predicts promising expectations for the first quarter.
Within the construction sector, the Expected Business Activity Indicator for Q1 remained steady at 74, while the Project Backlog Indicator increased by 0.2 weeks over Q4 2019 to 5.4 weeks. Looking back to Q4, the Recent Business Activity Indicator was 2 points higher than Q3 2019 at 65.
The Houzz Renovation Barometer is an online quarterly survey sent to U.S. businesses with a Houzz profile. The Q1 survey garnered responses from 1,484 businesses between December 29, 2019 and January 10, 2020. See Houzz