Data Watch: Optimism Remains High Across Home Renovation Sectors

Score for size of architects’ new projects levels off. This chart shows the components of the Houzz Renovation Barometer: number of inquiries, number of new projects or orders, and size of new projects or orders. A reading over 50 indicates that there are more firms reporting that business activity is higher in these specific areas than firms reporting it is lower, relative to the previous quarter. These scores are for architects and designers. As the chart shows, the barometer reading for the size of architects’ new projects or orders is lower year over year, though it’s still above 50. In other words, there are still more firms reporting an increase in the size of new projects than there are firms reporting a decrease, but the trend is not as pronounced as it was one year ago.