Tag Archive for ‘remodeling market index’

Many Remodelers Are Now Creating ADUs

Despite some recent improvement, household formations have been lagging since the latest downturn.  The accompanying effects have been many—including a lower rate of housing production, a lower rate of replacing older housing units, a consequently aging housing stock, and increased doubling up.  Remodeling is also potentially affected, as the tendency to double up may be accommodated in part by modifying… Read More ›

Remodeling Confidence Remains Solid

The Remodeling Market Index (RMI) remained stable with a reading of 58 in the third quarter of 2018, according to the National Association of Home Builders (NAHB). The RMI has been at or above 50 since the second quarter of 2013, which indicates that more remodelers report market activity is higher than report it is lower (Figure 1). The overall… Read More ›

Remodeling Confidence Increases Despite Rising Costs

The Remodeling Market Index (RMI) rose one point to 58 in the second quarter of 2018, according to the National Association of Home Builders (NAHB). A RMI reading above 50 indicates that more remodelers report market activity is higher than report it is lower compared to the prior quarter. The RMI has been above 50 for 21 consecutive quarters (Figure… Read More ›

The Impact of Revisions to Remodeling Spending

The most recent release of Census’ Construction Spending report included significant revisions to the residential improvements spending category. Residential improvements spending is calculated as the amount of total private residential spending on owner-occupied units after accounting for single-family and multifamily expenditures. As discussed in an earlier post, with these changes, the total amount of spending on residential improvements more closely… Read More ›