| Characteristic | Share of respondents |
|---|---|
| Increased cost of doing business | 40% |
| Difficulty finding prospective customers | 36% |
| Weak/ uncertain national exonomy | 19% |
| Weak/ uncertain local economy | 19% |
| Increased business competition | 15% |
| Difficulty hring/ being understaffed | 15% |
| Managing the current workload | 14% |
| Price volatility of products & materials | 14% |
| Managing consumer concerns about costs | 12% |
| Difficulty collecting payments | 11% |
| Managing consumer expectations | 10% |
| Difficulty staying organized | 10% |
| Difficulty increasing or maintaining profit marging | 9% |
| Tight business lending | 7% |
| Availability of products & materials | 7% |
| Shortage of subcontractors | 5% |
| Other challenges | 5% |
| Increased building regulations | 3% |
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Source
Source
Release date
February 2025
More information
Region
United States
Survey time period
November 7, 2024 to December 15, 2024
Number of respondents
599 respondents
Special properties
general contractors/ remodelers/ builders
Supplementary notes
Participating in the survey were 300 architects; 355 interior and building designers; 136 general contractors / remodelers / builders; 289 design-build firms; 254 building / renovation specialty firms; 124 landscape / outdoor specialty firms; and 79 decorating specialty firms.Â
The source does not state the survey method.
Multiple answers were possible.
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