Home Services Industry:
A Growing Opportunity
The home services industry continues to flourish, driven by strong consumer demand, technological advancements, and shifting market dynamics. As homeowners increasingly prioritize maintenance, renovations, and energy efficiency, the sector is set for sustained growth. Projections for 2025 and beyond highlight opportunities in areas like green energy solutions, smart home integration, and aging-in-place renovations, making home services a resilient and innovative marketplace.
Explore insights, trends, and forecasts from industry leaders through the resources below to better understand the economic landscape and why this is an opportune time to consider franchise ownership within this thriving sector.
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Housecall Pro Fall 2024 Report
PR Newswire - Housecall Pro
Housecall Pro, the leading software platform serving more than 180,000 home service professionals, today released findings from its Fall 2024 report. The report, based on a survey of over 400 home services pros, highlights four trends shaping the future of the home services industry...
Wells Fargo US Economic Outlook
Wells Fargo
As widely expected, the Federal Open Market Committee (FOMC) decided at its policy meeting today to reduce the target range for the federal funds rate by 25 bps to 4.50%-4.75%. After peaking at a range of 5.25%-5.50%, the FOMC has now cut rates by 75 bps since September...
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Jobber Home Service Economic Report Q3 2024
Pr Newswire - Jobber
"The 2024 Q3 Jobber Home Service Economic Report shows a promising outlook for the home services sector as interest rate cuts start to boost consumer spending and demand," said Abheek Dhawan, Senior VP, Strategy & Analytics at Jobber. "With rising home equity and a shift toward maintenance projects, we anticipate steady growth as financial conditions improve...
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Home Services Industry Update Summer 2024
KPMG Corporate Finance
Homeowner spending on improvement, maintenance, and emergency projects continues to increase despite a slowdown in existing U.S. home sales. Rising interest rates and home prices have slowed the pace of existing home sales in 2023 and 2024...
Annual Home Improvement Trends & Spending Report
Angi
The annual “State of Home Spending” report shows increased spending on home improvement projects in 2023 and explores key home improvement trends. Overall spend on home improvement grew 6% to $13,667 and an average of 11.1 projects per household in 2023...