Tag Archive for ‘remodeling market index’

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 ›

In Second Quarter, NAHB’s Index of Remodeler Confidence Rebounds

In the second quarter, NAHB’s Remodeling Market Index (RMI) rebounded two points to 59 (after having slipped slightly from 60 to 57 in the first quarter). An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower.  The RMI, which averages ratings of current remodeling with indicators of future activity, has been over… Read More ›

Remodelers See Market Improving

NAHB’s Remodeling Market Index (RMI) was 60 in the final quarter of 2014, indicating widespread confidence among remodelers that the market was improving compared to the previous quarter. The RMI and each of its components lies on a scale of 0 to 100, where a number above 50 indicates that more remodelers report market activity has improved (compared to the… Read More ›

Remodelers’ Confidence Recovers in the Second Quarter

NAHB’s Remodeling Market Index (RMI) rose three points to 56 in the second quarter of 2014; essentially reclaiming the territory it had lost during what was likely a weather-related dip in the first three months of the year.The RMI is based on a quarterly survey of NAHB remodelers, and is an average of separate indices for remodelers’ ratings of current… Read More ›