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News & Press: HIRI News

Inaugural Contractor Sentiment Study Released

Tuesday, April 11, 2017   (0 Comments)
Posted by: Matthew Craig

 

April 10th marked the initial release of the Contractor Sentiment Study/HomeAdvisor Farnsworth Index, a new quarterly study taking a look at the business confidence of contractors now and in the future, as well as rotating topics important to contractors.

 

The release is split into two parts, the HomeAdvisor Farnsworth Index, a broad public release of contractors’ opinion of current business conditions, and the Contractor Sentiment Study, a HIRI member-only release of contractors’ take on home improvement technology and business lead generation. You can now download both releases in the HIRI website, or visit HomeAdvisor’s release page for their take on the Index. 

 

 

HIRI members can download both parts of the study here.

 

HomeAdvisor Farnsworth Index

 

Learn about HIRI membership

 

 

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HomeAdvisor Press Release:

 

 

HomeAdvisor Creates The HomeAdvisor Farnsworth Index in Partnership with The Farnsworth Group

Index Tracks Professionals’ Insights into the Home Improvement Industry

 

GOLDEN, Colo., April 10 – HomeAdvisor, an IAC (NASDAQ: IAC) company and the operator of the largest home services marketplace across the globe, announced today it has entered into a partnership with the Farnsworth Group, an industry leading market research firm, to create The HomeAdvisor Farnsworth Index. The index serves as the definitive monitor in the home improvement industry, tracking business confidence across 13 business categories, including remodelers, carpenters, painters, plumbers and roofers.

 

“Our network of service providers – which recently topped 150,000 nationwide – is second to none when it comes to reach, quality and reliability,” said Brad Hunter, HomeAdvisor’s Chief Economist. “Our pros are on the front lines of the economy and home improvement cycles and provide valuable insights into the industry.”  

 

The HomeAdvisor Farnsworth Index is based on a quarterly survey conducted among thousands of trade professionals and provides insights on new business leads and inquiries, volume and quality of job backlog, labor availability and costs, government and regulatory climate and the economy.

 

“Home services plays a vital role in the U.S. economy regarding labor, manufacturing and retail. Tracking topics critical to residential contractors provides additional data to monitor those market conditions,” said Grant Farnsworth, Partner at The Farnsworth Group. “The HomeAdvisor Farnsworth Index provides insights into how service professionals’ sentiment correlates with industry activity.”

 

To view the complete Q1 2017 HomeAdvisor Farnsworth Index results, visit HomeAdvisor’s website.

 

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About HomeAdvisor
HomeAdvisor is the operator of the largest home services marketplace across the globe, providing homeowners the tools and resources for home repair, maintenance and improvement projects. HomeAdvisor’s marketplace lets homeowners view average project costs using True Cost Guide, find local prescreened home professionals and instantly book appointments online or through HomeAdvisor’s award-winning mobile app, compatible with all iOS, Android and smart home devices such as Amazon Echo. Globally, HomeAdvisor owns the market leaders in Canada (HomeStars), Germany (MyHammer), France (Travaux.com), Netherlands (Werkspot) and Italy (Instapro).  HomeAdvisor is based in Golden, Colo., and is an operating business of IAC (NASDAQ: IAC).

 

About The Farnsworth Group

The Farnsworth Group is a custom market research firm with 30 years of expertise serving manufacturers and retailers in the building products, hardware, home improvement, lawn and garden industries. The Farnsworth Group provides actionable insights based on primary research and industry expertise to help clients evaluate the DIY and Contractor markets.

 

Contact:

Steffanie Finkiewicz

HomeAdvisor Public Relations

(303)963-8030

SFinkiewicz@homeadvisor.com

 

 


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