Tag Archive for ‘RMI’

Remodeling Market Sentiment Weakened in Fourth Quarter but Remains Positive

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter of 2022 posted a reading of 66, falling 17 points from the fourth quarter of 2021. While there is a sharp decline in RMI year-over-year, it remains in positive territory as remodeling continues to outperform the rest of the residential construction sector, whether one looks at construction spending or… Read More ›

Remodeling Market Sentiment Softened in Third Quarter, But Remains Positive

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2022 posted a reading of 77, declining 10 points from the third quarter of 2021. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling market “good,” “fair” or “poor.” Responses from each question are converted to an index that… Read More ›

Remodeling Market Declines Year-over-Year

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2022 posted a reading of 77, declining 10 points from the second quarter of 2021.  This is the largest year-over-year decrease since the survey was redesigned in Q1 2020. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling market… Read More ›

Remodeling in 2021: Kitchens Edge Baths for Top Spot

As National Home Remodeling Month draws to  close, Eye on Housing reports on the most common projects undertaken by NAHB Remodelers during the previous calendar year—in this case, 2021.  The results come from a special question included in the first quarter 2022 survey for the  NAHB/Westlake Royal Remodeling Market Index (RMI). At the top of the list, 81 percent of… Read More ›

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 ›