Companies across industry sectors have higher expectations for business performance in 2024 than expectations at the same time last year, with nearly half anticipating that 2024 will be a good or very good year (48% versus 40% a year ago). According to the report 2024 Houzz UK State of the Industry, pros forecast revenue growth along with improved demand for their services, despite rising costs of labour, products, and materials. This follows the drop in gross revenue across the industry in 2023. Firms across the design and construction industry implemented a variety of strategies in response to the challenges they faced last year, and now more than half of businesses expect gross revenues to increase in 2024 (53%), with one in five businesses expecting revenues to increase by 25% or more (22%). Strategies include bringing in larger-budget projects, adjusting pricing structures, and offering new products and services. 2024 Houzz UK State of the Industry: Major Findings
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