GOLDEN, Colo., April 11, 2017 /PRNewswire/ -- 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.
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), Italy (Instapro) and the UK (MyBuilder). 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/homeadvisor-creates-the-homeadvisor-farnsworth-index-in-partnership-with-the-farnsworth-group-300437303.html