Houzz is an online platform for home remodeling and design. Houzz connects homeowners, home design enthusiasts and home improvement professionals across the country and around the world.
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Research containing Houzz
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CB Insights Intelligence Analysts have mentioned Houzz in 1 CB Insights research brief, most recently on Oct 13, 2022.
Expert Collections containing Houzz
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Houzz is included in 4 Expert Collections, including E-Commerce.
Unicorns- Billion Dollar Startups
Home Goods & Furniture
Tech-enabled companies offering services and products focused on furniture, home accessories, and interior design. This collection includes direct-to-consumer (D2C) startups, peer-to-peer (P2P) marketplaces, and 3D & AR/VR visualization tools, among others.
Tech IPO Pipeline
Houzz has filed 1 patent.
Wireless networking, Software architecture, Network protocols, Mobile computers, Data management
Wireless networking, Software architecture, Network protocols, Mobile computers, Data management
Latest Houzz News
Nov 17, 2022
Sara Min 13 hours ago Home Depot and Lowe’s reported strong quarterly earnings on Tuesday and Wednesday, respectively. Lowe’s shares rose 3% on Wednesday. Executives from both companies spoke optimistically about the prospects for their business in 2023. This is due to the fact that home sales, prices and construction are significantly reduced due to a sharp jump in mortgage rates. - Advertisement - Home Depot CFO Richard McPhail pointed to an “improve in place” mentality among current homeowners who may have wanted to sell but changed their minds because they could no longer handle high prices. “All we can do at the moment is repeat what our customers tell us,” McPhail said. “There is a dynamic that we don’t see in the market. With rising mortgage rates, homeowners are staying put.” With rising mortgage rates, homeowners are staying put. Richard Macphail Home Depot CFO According to CoreLogic, home prices in October are still 11.4% higher than in October 2021, but this annual comparison has been declining for several months. Prices are falling from month to month at a much faster pace than normal seasonal trends. However, the unprecedented rise in home prices in the early years of the pandemic, fueled by record low mortgage rates and the desire of many Americans to move to larger suburban homes, has given homeowners significant capital. In just two years, prices have jumped more than 40%. According to Black Knight, by the end of the first quarter of this year, before the mortgage rate spike sent the housing market down, homeowners had $11 trillion in what they call available capital. This is the amount that the borrower can take out of the house, leaving 20% of the capital in it. In the first quarter of this year alone, that capital grew by an unprecedented $1.2 trillion. For a single homeowner, this equates to approximately $207,000 in available capital. According to Lowe’s CEO Marvin Ellison, this capital is part of a tripartite driving force behind home improvement. He pointed to rising house prices, the age of the US housing stock, which is about 40 years old, the oldest since World War II, and high levels of personal disposable income. “So when you look at all of these factors, these things portend an improvement in the home, and we are very good at our current trends,” Ellison said in an interview Wednesday on CNBC’s “Squawk Box.” Construction vs Renovation Homebuilders, some of whom work in both construction and home renovations, are not feeling as optimistic in their market. Builder sentiment fell in November for the eleventh month in a row, hitting its lowest level in a decade, according to the National Home Builders Association. However, the NAHB predicts that the renovation sector will outperform the housing sub-markets during the current housing decline. “The pace of growth in home improvement spending will slow due to declining existing home sales,” said Robert Dietz, chief economist at the NAHB. “However, an aging housing stock, work-from-home trends and declining household mobility are favoring renovation spending.” Dietz also points to the “interest rate lock-in effect” meaning that people don’t want to sell a home where they can pay a 2.75% mortgage interest rate and trade it in for another home where the rate is likely to be around 7%. Today. The Harvard Amalgamated Housing Center predicts annual growth in home improvement and maintenance spending will drop “dramatically” by the middle of next year, but only to 6.5% from an unusually high 16%. “Housing and renovation markets are clearly slowing down due to the exceptionally high and erratic growth rates that have followed the pandemic-driven recession,” says Carlos Martín, project director for the Remodeling Futures program at the Center. “Home improvement spending will continue to face headwinds from declining home sales, rising interest rates, and rising contractor labor and building material costs.” Despite inflation in almost everything in the economy, consumers seem to want to spend more on their homes. Both Lowe’s and Home Depot showed a drop in the number of sales, but an increase in the amount of those sales in dollars. This resulted in an increase in their income. “There is inflation and elasticity in the market, but not to the degree we expected, and the buyer is showing us that it is resilient,” Home Depot’s McPhail said. A recent survey of nearly 4,000 homeowners by Houzz, a home improvement and design website, found that only 1% of homeowners reported canceling a home improvement project in 2022. Meanwhile, 37% completed a project in 2022, and almost a quarter said they planned to start a home improvement project in the next 12 months. “In addition, more than half of the homeowners we surveyed have no plans to sell or move out of their current home in the next 20 years or ever,” said Marine Sargsyan, Houzz staff economist. Credit: www.cnbc.com /
Houzz Web Traffic
Houzz Frequently Asked Questions (FAQ)
When was Houzz founded?
Houzz was founded in 2008.
Where is Houzz's headquarters?
Houzz's headquarters is located at 285 Hamilton Avenue, Palo Alto.
What is Houzz's latest funding round?
Houzz's latest funding round is Corporate Minority.
How much did Houzz raise?
Houzz raised a total of $613.6M.
Who are the investors of Houzz?
Investors of Houzz include The Times Group, Sequoia Capital, GGV Capital, Felix Capital, ICONIQ Capital and 15 more.
Who are Houzz's competitors?
Competitors of Houzz include Pinterest and 3 more.
Compare Houzz to Competitors
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