1、HOUZZ UK2024 State of the Industry2024 UK.Houzz State of the Industry Study|Houzz Inc.2024 Outlook 2023 in Focus2023 U.S.Houzz Kitchen Trends StudyContents 03 10 22024 UK.Houzz State of the Industry Study|Houzz Inc.3Design and build firms are the most bullish More than half of design and build firms
2、 expect that 2024 will be a good or very good year(53%),followed by interior designers and architects(52%and 48%,respectively).Demand for services expected to improve More than 3 in 5 businesses across industry groups anticipate heightened demand for their services(62%),which is more than 10 percent
3、age points higher than last year(52%).Interior designers are the most confident,with nearly three-quarters expecting increased demand(73%),compared with architects and design and build pros(59%and 57%,respectively).Costs of doing business rise Nearly 4 in 5 firms across all of the industry groups ci
4、ted an increase in the cost of doing business in 2023(79%),albeit slightly less than the previous year(82%).Product and material costs were the biggest drivers(70%),followed by business insurance costs and subcontractor costs(38%and 34%,respectively).Architects were impacted the most significantly,w
5、ith 4 in 5 citing an increase in the costs of doing business in 2023(83%),followed by interior designers and design and build firms(74%,each).Product and material availability improves More than 2 in 5 businesses expected the availability of products and materials to improve(41%),with interior desig
6、ners most optimistic(55%),followed by architects and design and build firms(29%,each).Pros implement diverse business strategies More than two-thirds of businesses plan to target larger budget projects(68%)and nearly as many plan to adjust pricing structure(65%)to achieve expected growth in 2024.Bus
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