The recently released Q4 2020 Houzz Renovation Barometer showed that business rebounded to pre-pandemic levels based on nearly all of its indicators. The Barometer tracks residential renovation market expectations and recent business activity in the construction and architectural design services industries.
Within the construction sector, the Project Backlog Indicator rose to 7.2 weeks above the third quarter in 2019. The Q4 Recent Business Activity Indicator increased significantly by 26 points from Q3 to 75. Within the architectural and design sector, the Recent Business Activity Indicator jumped 13 points from the third quarter to 61. However, the Expected Business Activity Indicator for Q4 declined in these sectors.
The Houzz Renovation Barometer is an online quarterly survey sent to U.S. businesses with a Houzz profile. The fourth quarter survey garnered responses from nearly 1,700 home improvement-related businesses between September 24 through October 7, 2020. See Houzz