1、1HOUZZ UK2023 State of the Industry2Big IdeasTwo in five residential companies expect this will be a good or very good year(40 percent),and 42 percent express a neutral outlook.Design and build firms are the most optimistic,with 62 percent anticipating a good or very good year,followed by interior d

2、esigners(48 percent).A forecast for 2023More businesses among the industry groups surveyed expect increases in revenue in 2023(50 percent)than those expecting decreases(21 percent),albeit the sentiment is less widespread than last year.Expectations for revenueIn 2023,a larger share of businesses bel

3、ieve that demand for their services will improve(52 percent),rather than decrease(31 percent).Design and build firms,in line with their overall outlook for business in 2023,feel confident about demand this year,with almost three-quarters anticipating an increase(73 percent).Increased demand anticipa

4、tedMore firms across all of the industry groups cited an increase in the cost of doing business(82 percent)versus those citing a decrease(4 percent),with the share of businesses reporting an increase rising by five percentage points this year(82 percent compared with 77 percent in 2021).Costs of doi

5、ng business rise34 2023 Outlook9 2022 in Focus14 Description of BusinessesContents Houzz Inc.42023 Outlook Houzz Inc.56%34%42%15%3%Very goodGoodNeutralPoorVery poor2023 OutlookGood to a very good year22%Neutral50%Poor to a very poor year28%Business OutlookArchitectInterior DesignerDesign and build f

6、irmGood to a very good year48%Neutral44%Poor to a very poor year7%Good to a very good year62%Neutral15%Poor to a very poor year23%2023 OutlookCharts show the percentage of surveyed businesses on Houzz UK reporting their outlook for 2023.644%25%30%66%19%15%IncreaseNo changeDecrease50%29%21%76%15%9%In