USA - Houzz Inc., the world’s leading platform for home remodeling and design, recently released the “2019 Houzz U.S. State of the Industry” report.

The report provides an outlook on 2019 and review of 2018 performance for residential renovation and design businesses based on data reported by nearly 4,800 professionals in the Houzz community. Although less bullish than the last five years, companies across all industry sectors cite a positive outlook for 2019.

“Residential construction and design service professionals large and small have sustained a remarkable multi-year run with upper-single to double-digit revenue growth,” said Nino Sitchinava, Houzz principal economist. “Based on qualitative feedback, the recent deceleration in growth of construction services is likely a function of capacity constraints due to labor shortage, rather than a contracting demand. That said, it is clear that the remodeler's mood with respect to the economy is quickly changing and clouding their business outlook.”

There are more than 2.3 million active home renovation and design professionals on Houzz, including architects, interior designers, home builders and design and build firms.

The Houzz U.S. State of the Industry was conducted among home renovation firms in the Houzz U.S. community that offer services related primarily to residential renovation and/or design. Companies were grouped into seven industry sectors including, architects, interior designers, general contractors and remodelers, design-build firms, building and renovation specialty firms, landscape and outdoor specialty firms, and decorating specialty firms. The study was fielded from December 10, 2018 to January 10, 2019.