Jobber, Edmonton, Alberta, released its third quarter Home Service Economic Report in November.
The home service economic report showed strong spending in the home service spending category. The report is generated from data aggregated from more than 200,000 residential cleaners, landscapers, HVAC technicians, electricians, plumbers, and more, who use Jobber.
“The home service category has shown an incredible ability over the last few years to navigate tough challenges impacting every sector across the globe, from supply chain disruptions to labor shortages and rising material costs,” says Sam Pillar, CEO & co-founder of Jobber. “While these challenges are expected to linger, home service is once again showing strong stability and good revenue growth compared to other categories. The future looks bright in this category.”
According to Abheek Dhawan, vice president, business operations at Jobber, the home service industry has experienced a slowdown in growth but remains a strong category.
‘Year-over-year growth in 2022 is relatively lower than in 2021, which was boosted by pandemic-related home improvement trends. Even with this slowdown, the category continues to grow at a very healthy rate of around 10%,” says Dhawan. “What we’re seeing is the home service category normalizing after pandemic-related volatility. Home service remains a priority for consumers compared to other categories like clothing stores and automotive. Even with macroeconomic uncertainty, we see a positive outlook for home service.”
Read more about economic trends.
