The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) dropped 4 points to 53 from the previous quarter, but remained above the breakeven point of 50, which indicates that more remodelers report activity is higher (compared to the prior quarter) than report activity is lower. Although the RMI declined, it is consistent with levels seen in the first… Read More ›
Tag Archive for ‘RMI’
Remodelers’ Confidence Remains Consistent at the End of 2015
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the final quarter of 2015, one point above the previous quarter. This was consistent with similar results over the past year and a half, indicating sustained confidence in the market from remodelers. The RMI and all its components lie on a scale of… 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 ›
Share of Remodelers Reporting Labor Shortages Climbs Even Higher
Eighty percent of remodelers reported a shortage of finished carpenters (and 41 percent said the shortage was serious), according to special questions on NAHB’s Remodeling Market Index (RMI) survey in the 3rd quarter of 2015. That’s 8 percentage points higher than NAHB remodelers were reporting just a year ago. The RMI survey asked remodelers about availability of labor in the 12 categories recommended by Home… Read More ›
Remodeling Market Index Over 50 for Ten Straight Quarters
NAHB’s Remodeling Market Index (RMI) was 57 in the third quarter—two points down from the previous quarter, but the tenth straight quarter it has been above the key break-even point of 50. The RMI and all its components lie on a scale of 0 to 100, where an index number above 50 means more remodelers report that activity has improved… 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 ›
Simple Desire for New Amenities Remains Top Reason to Remodel
According to remodelers in NAHB’s Remodeling Market Index (RMI), a simple “desire for better/newer amenities” ranked as the number one reason customers remodel their homes in 2014, just as it did in 2013. On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is very often), the average rating on desire for newer amenities was… Read More ›
Remodeling Jobs—Baths Edge Kitchens Again for Top Spot
To lead off National Home Remodeling Month in May, we report results from NAHB’s quarterly Remodeling Market Index (RMI) survey on the most common type of jobs performed by NAHB Remodelers in 2014. The results show that kitchen and bathroom remodeling remain the two most common types of projects, as they have been consistently since NAHB started asking the question… Read More ›
RMI Edges Down, but Remodelers Remain Confident About Improving Market
NAHB’s Remodeling Market Index (RMI) was 57 in the first quarter of 2015, off the historic high point of 60 at the end of 2014, but still above the key break-even point of 50. 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 the market has… 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 ›