Even though a large portion of homeowners are undertaking do-it-yourself home repair and improvement projects, demand for professional remodeling services rebounded in the second quarter. Business conditions appeared to be improving further in the first half of the third quarter as well.
Come the fourth quarter, however, business may very well begin to taper off, initiating a downward trend that will stretch into the middle of next year and possibly longer.
Like most home professionals, remodelers saw a sudden and severe drop in demand for their services toward the end of the first quarter as the coronavirus pandemic spread across the United States. But demand renewed once restrictions began to relax in late May.
Analysis of user data by Houzz revealed a near-60% increase in U.S. project leads for home professionals on its platform in the month June compared to June of the previous year. Most of these were for