From our Hanley Wood sibling, Remodeling:
Remodelers nationwide continued to report robust conditions in the second quarter versus a year earlier, but that optimism is fading a bit, particularly with design/build firms and architects, the latest Houzz Renovation Barometer revealed today.
The barometer, based on a survey June 29-July 14 of 2,659 professionals that use Houzz, found readings of 67 to 77 for the second quarter versus the same period in 2015; a reading over 50 means more firms are reporting higher business activity than those who say business has declined. When compared with how they fared in the first quarter, the various subgroups posted readings of 63 to 78.
For the year-over-year listings, those scores in recent quarters were as high as 80 for design/build firms and general contractor remodelers. Design-related sectors--a group that encompasses architects, designers, and design/build firms--have seen their barometers decline for four consecutive quarters.