Tag Archive for ‘RMI’

Remodelers’ Confidence Dips in the First Quarter

Conditions in the remodeling market dipped in the first quarter, according to NAHB’s survey of professional remodelers, as the overall Remodeling Market Index (RMI) derived from the survey fell six points to 49.   Prior to that, the RMI had been generally trending upward, albeit with significant quarter-to-quarter fluctuations.  So, although the first quarter 2013 RMI indicates a pause in the… Read More ›

Traditional Reasons for Remodeling are Still the Main Market Drivers

According to the remodelers who answered special questions on NAHB’s Remodeling Market Index (RMI) survey for the 1st quarter of 2012, the traditional “need to repair/replace old components” and “desire for better/newer amenities” are still why most customers choose to remodel their homes.  On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is… Read More ›

NAHB Remodelers Tackle Jobs of All Sizes, but Greatest Share of Revenue Comes from Large Projects

Answers to questions on NAHB’s Remodeling Market Index (RMI) survey show that remodeling projects in every price range account for at least 9 percent of NAHB remodelers’ business (in dollar volume).  Even jobs that bring in less than $2,500 each account for 10 percent. Given the small amount of revenue per job, and the challenges that scheduling a large number… Read More ›

Bathrooms Top Kitchens as Most Popular Remodeling Project in 2011

Special questions included on NAHB’s Remodeling Market Index (RMI) survey show that home owners remain interested in updating the most heavily used rooms in their homes.  Bathroom remodeling was a common job in 2011 for 78 percent of the remodelers responding to the 1st Quarter 2012 RMI survey—highest for any type of remodeling project included on the questionnaire—followed by kitchen… Read More ›

Remodeling Market Index Little Changed in First Quarter

After increasing in the 4th quarter of 2011, NAHB’s Remodeling Market Index (RMI) declined by one point to 47 in the 1st quarter of 2012. Both of the RMI’s major components declined in the 1st quarter.  The RMI component measuring current market conditions dropped one point to 49, while the component indicating future remodeling activity fell two points to 44. The… Read More ›