Ninety percent of North American home builders, architects, remodelers, landscape professionals and interior designers surveyed on Houzz expect revenue to grow in 2014 according to the first “Houzz Residential Design & Renovation Outlook” report based on data provided by more than 6,500 service providers on Houzz.
“These findings are consistent with other leading industry indicators forecasting healthy growth for our industry,” said Liza Hausman, vice president of community for Houzz. “People are more confident about putting money into their homes, and feedback from our professional community shows that’s translating into more business for home pros around the country, from architects to general contractors and from sole proprietors to large firms.”
The majority of home professionals reported a strong 2013, with 70 percent saying revenue grew compared to the year prior. This number is highest for landscape pros with nearly three quarters reporting revenue growth from 2012 to 2013. Eighty percent of firms with more than six employees reported revenue growth compared to 72 percent of firms with two to five employees and 64 percent of sole proprietors.
More than half of home professionals surveyed said their business performed better than expected in 2013. This number was even higher for architects, with 65 percent reporting that business beat projections, as well as designers, at 60 percent.
