Mar 27, 2013
Majority of U.S. Homeowners Believe Now is a Good Time to Renovate, Houzz Survey Finds
Largest-ever Study of Home Remodeling and Design Reveals Top Drivers, Challenges and Spending for U.S. Renovation Activity
Palo Alto, Calif., March 27, 2013 — Significantly more U.S. homeowners are moving forward with renovation projects compared to this time last year, according to the second annual Houzz & Home survey that garnered more than 100,000 responses from the Houzz community of 14 million monthly unique users. A majority of the homeowners surveyed also believe now is a good time to remodel (53 percent), and 58 percent of those planning projects in the next two years will hire professional help. The study also found that three-quarters of homeowners believe that now is a good time to buy a home. Together with last week’s Commerce Department report showing the rate of single-family home construction at its highest level in four and a half years, the results of this study point to a strengthening economy, housing and renovation market.
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