Residential Home Services Industry Report - Q4 2024

Report Highlights

Elements Affecting Residential Home Services Industry Dynamics and Outlook in Q4 2024 and Beyond

• Ongoing skilled labor shortages are extending project timelines and enhancing pricing power for firms with reliable access to specialized trades, creating long-term supply constraints.
• Although inflation continues to cool, borrowing costs remain relatively stable, providing incremental benefits for financing major home renovation projects.
• Consolidation remains strong, particularly in niche markets like smart home security, environmental services, and HVAC automation, as private equity firms target recurring revenue models.
• Increasing adoption of IoT-enabled smart home technologies and automation solutions is opening new growth opportunities across security, HVAC, and energy efficiency markets.
• Despite macroeconomic challenges, the sector is projected to grow steadily as economic conditions stabilize and housing inventory shifts to meet demand.
• Continued private investment and stable economic conditions are expected to support sustained growth in home services, particularly in emerging technology-driven markets.

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Reach out to Dinan Capital Advisors Managing Director Will Downing for more report insights.