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Home Remodeling Activity Strong, Houzz Barometer Finds



PALO ALTO, CA — Confidence over the current and future market for home renovation activity remained high among residential construction and design businesses in the second quarter of 2021, following a strong first quarter, according to Houzz, the online platform for residential remodeling and design.


According to the Q2 2021 Houzz Renovation Barometer – which tracks residential renovation market expectations, project backlogs and recent activity among businesses in the nation’s construction, architectural and design services sectors – market conditions remain “strong … diminishing the uncertainty experienced by residential remodeling and design businesses just one year ago.”


“Following a busy first quarter, businesses are faced with soaring homeowner demand along with lengthy permitting timelines, supply chain constraints and unrelenting labor shortages,” said Marine Sargsyan, senior economist for the Palo Alto, CA-based Houzz, noting that existing supply chain restraints are likely contributing to industrywide wait times of more than two months before a business can begin a new project.



“Following a busy first quarter, businesses are faced with soaring homeowner demand along with lengthy permitting timelines, supply chain constraints and unrelenting labor shortages,” said Marine Sargsyan, senior economist for the Palo Alto, CA-based Houzz, noting that existing supply chain restraints are likely contributing to industrywide wait times of more than two months before a business can begin a new project.


In related news:


• The National Association of Home Builders released its Remodeling Market Index for the first quarter of 2021, posting a reading of 86, up 38 points from the first quarter of 2020 and signaling “residential remodelers’ confidence in their markets for projects of all sizes, the NHAB said.

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