Angie’s List Sees Bright Spot in Consumer Spending for 2016

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Survey Also Shows Signs of Millennial Maturation

INDIANAPOLIS–(BUSINESS WIRE)–Homeowners across America tell Angie’s List (Nasdaq: ANGI) that they’re
planning to spend this year on their most important investments: their
houses.

There’s also an indication in the latest Angie’s List survey that
millennials are behaving against hype when it comes to taking care of
their homes.

“A majority of our members are gearing up to invest in their homes at
the same or greater level than last year,” said Angie’s List (Nasdaq:
ANGI) founder Angie Hicks. “We found even greater optimism among service
companies, with many of them saying they’re already booking more jobs
than at this time last year and expect to have a great 2016.

“In addition, it’s easy to find studies that talk about how millennials
are delaying major life decisions and changing the dynamics of
generational behavior, but our data shows that this age group is just as
responsible as any other homeowner,” she said.

Angie’s List, which offers verified consumer reviews and an online
marketplace of services, conducted the surveys the first week of January
among 2,000 members and 2,675 highly rated service companies.

Highlights:

  • Of those who have set their budgets for this year, nearly 79 expect to
    spend as much or more on home improvement this year compared to last
    year.
  • 91 percent of service companies expect homeowners to spend as much or
    more this year compared to last year.
  • Millennials plan to spend as much or more than older generations in
    improvements on their homes and properties this year.

Homeowners across all generations have virtually the same home spending
plans in two areas:

  • hiring out chores to gain more free time (i.e. housecleaning and yard
    work) and
  • getting more organized/reducing clutter.

About Angie’s List

Angie’s List helps facilitate happy transactions between more than
three million consumers nationwide and its collection of highly rated
service providers in 720 categories of service, ranging from
home
improvement to health care.
Built on a foundation of
authentic reviews of local service, Angie’s List connects consumers
directly to its online marketplace of services from member-reviewed
providers, and offers unique tools and support designed to improve the
local service experience for both consumers and service professionals.

Contacts

Angie’s List
Cheryl Reed, 317-396-9134
cherylr@angieslist.com
www.angieslist.com