Nearly four out of five residential construction and design companies predicted 2022 would be a “good” or a “very good” year, according to Houzz’s 2022 State of the Industry report.
Businesses reported their highest year-over-year revenue growth in the last four years in 2021, with five out of seven groups reporting double-digit revenue growth.
“Following a busy year for the home renovation and design industry, the findings from the Houzz State of the Industry show that professionals are bullish that momentum will continue through 2022,” stated Marine Sargsyan, Houzz senior economist. “The positive outlook is prevalent across industry groups from architects and designers to builders and landscapers, despite headwinds in the form of labor and product availability and price volatility.”
The full Houzz report can be found here.
