More than three in five firms in the construction and design sectors projecting a positive business outlook for 2025, according to the 2025 U.S. Houzz State of the Industry.
Construction businesses are anticipating higher revenue growth in 2025 than they anticipated for 2024, with specialty contractors expecting an average revenue growth of 12.4% and general contractors expecting 11.3% growth.
In 2024, businesses across all seven industry groups reported the biggest year-over-year dip in average annual revenue since 2014.
In the construction sector, both design-build firms and specialty contractors reported an overall 2.8% decline in 2024 revenue compared with 2023, while, general contractors experienced a smaller decline of 0.3%.
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