Houzz Stat: Costs Go Up as Projects Vary

Business costs were up in 2016. A majority of firms in every industry group reported having higher costs of business last year. The construction sector experienced the most widespread cost increases, with increases reported by about three in four general contractors/remodelers/builders, design-build firms, and building and renovation specialty firms. Labor, products and materials were the most cited reasons for cost increases.

Not just houses. Although firms from every group tracked focus primarily on residential work, many also take on some commercial work. For an average firm, roughly one-tenth of the business is commercial work, according to the report.

Project size varies widely. Gross revenue for a typical midsize project was more than $50,000 for the majority of general contractors/remodelers/builders and design-build firms. Decorating specialists, however, reported a much smaller project size: Of them, 70 percent consider a midsize project to be one costing $10,000 or less.

Read the full 2017 Houzz State of the Industry Report here.