![]() State of the Industry report can be found here. Availability of products and materials is among the top challenges by six of the seven industry groups, and more than half of companies across the seven industry groups expect product and material costs to rise (53% to 72%). Price volatility and availability of products and materials top challenges: All industry groups listed price volatility of products and materials as one of their top challenges. Businesses across all industry groups anticipate continued growth in 2022 of 5% to 9%. Revenue growth surpassed expectations in 2021: In 2021, businesses reported their highest year-over-year revenue growth in the past four years, with groups ranging for an estimated 9% to 12% revenue growth. For the first time since 2018, architects have the most positive outlook among the seven sectors surveyed. “The positive outlook is prevalent across industry groups from architects and designers to builders and landscapers, despite headwinds in the form of labor and product availability and price volatility.”Ĭonfidence in 2022: The majority of residential construction and design companies on Houzz predict that 2022 will be a good or very good year (ranging from 71% of building and renovation firms to 77% for architects). It is generally best practice to use a unique password for each service.“Following a busy year for the home renovation and design industry, the findings from the Houzz State of the Industry show that professionals are bullish that momentum will continue through 2022,” said Marine Sargsyan, Houzz senior economist. However, we recommend changing your password on any other sites or accounts where you used the same login information that you used for Houzz. ![]() “We do not believe that any passwords were compromised because we do not actually store passwords except in a one-way encrypted form that is salted uniquely per user. Please note that in order to reset your password, you will need to have access to the email address that is associated with your Houzz profile.” continues the notification. The company suggest users reset the password and revealed that it uses a unique salt for each password. Hackers did not access social security numbers or financial information. The company revealed that exposed data also included usernames, password hashes, IP addresses, and user’s Facebook ID in case the users accessed to the platform through Facebook. The file obtained by the unauthorized third party included information such as name, city, state, country, description and also some internal identifiers used by Houzz systems “Our security team has a number of ways to learn about potential security vulnerabilities, including our own active methods and third-party reporting.” continues the notification. The company is investigating the issue to discover how hackers obtained the data, it notified law enforcement and hired a forensics firm to assist it. “Out of an abundance of caution, we have notified all Houzz users who may have been affected.” We have also notified law enforcement authorities.” reads the data breach notification published by the company. We immediately launched an investigation and engaged with a leading forensics firm to assist in our investigation, containment, and remediation efforts. The security of user data is our priority. ![]() “ Houzz recently learned that a file containing some of our user data was obtained by an unauthorized third party. ![]() The company discovered that a file containing user data was obtained by an “unauthorized third party.” QKB7iUGu1W- Stewart Rand January 31, 2019 ![]()
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