HOME RENOVATION PROFESSIONALS ANTICIPATE BUSINESS GROWTH: The majority of firms across the industry are optimistic about business growth in 2019, with nearly nine in ten of the firms in the industry anticipating that gross revenue will increase in 2019 (87% percent). More than two in three firms expect that revenue will grow by more than 10 percent (71 percent). To support revenue growth, firms plan to improve customer experience and bring in larger budget projects (54 and 51 percent, respectively).
CONFIDENCE DRIVEN BY 2018 RESULTS: Positive expectations for the year ahead follow a successful 2018 for firms across the industry, with nearly two in five of businesses reporting that gross revenue met or exceeded expectations (40 percent). In fact, actual gross revenue increased by 10 percent or more for over two in five businesses (42 percent). Architects saw the largest increase, with nearly a third of businesses reporting that gross revenues grew by 15 percent or more from the year prior (29 percent).
ARCHITECTS LEAD IN BUSINESS EXPANSION: Nearly two in five businesses across the industry were able to expand by hiring new employees (38 percent). Architects were the most likely to increase headcount (50 percent), followed by Design and build firms and Interior designers (33 and 28 percent, respectively).
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CONFIDENCE DRIVEN BY 2018 RESULTS: Positive expectations for the year ahead follow a successful 2018 for firms across the industry, with nearly two in five of businesses reporting that gross revenue met or exceeded expectations (40 percent). In fact, actual gross revenue increased by 10 percent or more for over two in five businesses (42 percent). Architects saw the largest increase, with nearly a third of businesses reporting that gross revenues grew by 15 percent or more from the year prior (29 percent).
ARCHITECTS LEAD IN BUSINESS EXPANSION: Nearly two in five businesses across the industry were able to expand by hiring new employees (38 percent). Architects were the most likely to increase headcount (50 percent), followed by Design and build firms and Interior designers (33 and 28 percent, respectively).
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