Houzz Q2 Renovation Barometer Reflects COVID Impact
The Q2 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 shows a significant impact from the COVID-19 pandemic.
Within the construction sector, the Expected Business Activity Indicator for Q2 declined 56 points from Q1 to 18, while the Project Backlog Indicator remained steady at 5.4 weeks. Looking back to Q1, the Recent Business Activity Indicator fell 17 points to 48.
The Houzz Renovation Barometer is an online quarterly survey sent to U.S. businesses with a Houzz profile. The Q2 surveys garnered responses from 1,092 construction-related businesses between March 26th, 2020 through April 8th, 2020. See Houzz