Houzz State of the Industry: Industry Groups More Optimistic For 2024

Among residential renovation businesses, expectations for 2024 were improved compared with 2023, according to the latest Houzz State of the Industry report.

Houzz surveyed seven industry groups and found 61% to 71% are predicting good or very good performance in 2024, compared with 50% to 56% in 2023. The most optimistic group was interior designers, followed by design-build firms and general contractors. Revenue and profit increases were also anticipated.

However, six of the seven industry groups cited continued labor shortages in 2024 and predicted rising labor costs for the year.

The full Houzz State of the Industry can be found at this link.


Page 1 of 798
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts