Tag Archive for ‘remodeling market index’

Remodeling Market Remains Stable Year-over-Year

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2022 posted a reading of 86, unchanged from the first quarter of 2021.  The RMI and all of its components and subcomponents were 80 or higher (on a scale of 0 to 100) indicating broad-based positive remodeler sentiment. The RMI is based on a survey that asks remodelers… Read More ›

Remodeler Sentiment Continues to Improve Year-over-Year

The NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter posted a reading of 83, up four points from the fourth quarter of 2020.  The reading is a sign of positive residential remodeler sentiment for projects of all sizes. The RMI is based on a survey that asks remodelers to rate various aspects of the remodeling market “good,” “fair”… Read More ›

Record Share of NAHB Members Report Labor Shortages

Friday’s post described how, in the construction industry, job layoffs have plunged while unfilled job positions remain elevated (according to the government’s latest Job Openings and Labor Turnover report).  If more evidence of a severe supply chain challenge is needed, the record percentages of NAHB members reporting labor shortages in recent surveys can provide it. Let’s turn first to the… Read More ›

Remodeling Industry Confidence Improves Year over Year

The NAHB/Royal Building Products Remodeling Market Index (RMI) increased for the second quarter, posting a reading of 87, up 14 points from the second quarter of 2020.  The increase in the index is a sign of improving remodelers’ confidence in their markets, for projects of all sizes. The RMI is an average of two major component indices: the Current Conditions… Read More ›

Remodeler Confidence Up Strongly Year over Year

Remodeler confidence was up strongly on a year-over-year basis, according to the Remodeling Market Index (RMI) released today by the National Association of Home Builders (NAHB).  In the first quarter of 2021, the RMI posted a reading of 86, up a full 38 points from the first quarter of 2020.  The large year-over-year increase signals a very strong recovery in… Read More ›

Confidence in Remodeling is Strong Despite COVID-19

The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 79 in the fourth quarter of 2020. The reading indicates remodelers’ confidence in their markets, for projects of all sizes, despite the ongoing negative impacts of the coronavirus pandemic (Table 1). The RMI is based on a survey asking remodelers to rate five subcomponents of… Read More ›

77% of Remodelers Report A Framing Lumber Shortage

With the recent increases in the price of many residential construction materials, and in particular softwood lumber, NAHB wanted to get a better understanding of how these price increases are impacting remodelers. In the Q3 2020 Remodeling Market Index (RMI), remodelers were asked to report on material shortages, if any, as well as material price changes over the last six… Read More ›

Remodeling Industry Confidence Surges in Third Quarter

The National Association of Home Builders’ Remodeling Market Index (RMI) posted a reading of 82 in the third quarter, indicating remodelers’ strong confidence in their markets, for projects of all sizes (Table 1). The strong RMI reading is a reflection of more Americans investing in home remodeling projects as they adapt to the impacts of the coronavirus pandemic. The RMI… Read More ›

Remodeling Market Shows Optimism despite COVID-19

In the second quarter of 2020, The NAHB Remodeling Market Index (RMI) posted a reading of 73, which indicates more remodelers view conditions as good than poor (Table 1). This is the second quarter with a new RMI, redesigned to ease respondent burden and improve its ability to interpret and track industry trends. See Table 1 for results here. The… Read More ›