Eye On Housing
If I were a carpenter… I’d have an easy time finding a remodeling business that wanted to employ me in many parts of the country, according to a recent NAHB survey. The survey is the one used to generate NAHB’s Remodeling Market Index (RMI). The RMI survey for the 3rd quarter of 2014 included a set of special questions asking remodelers about availability of labor… Read More ›
May is National Home Remodeling Month. We lead off a series of posts in recognition of the occasion with results from NAHB’s quarterly Remodeling Market Index (RMI) survey showing that bathrooms remained the most common type of job performed by NAHB Remodelers in 2013. Among remodelers responding to the 4th Quarter 2013 RMI survey, bathroom remodeling was cited as a… Read More ›
Against the backdrop of unusually severe winter weather, NAHB’s Remodeling Market Index (RMI) declined to 53 in the first quarter of 2014, from the historically high level of 57 in the two previous quarters. However, the RMI remains above the key break-even point of 50. An RMI above 50 indicates that more remodelers report market activity is higher (compared to… Read More ›
NAHB’s overall Remodeling Market Index (RMI) rebounded in the second quarter of 2013, bouncing back up to the post-2004 peak of 55 it reached at the end of 2012. An RMI above 50 indicates that more remodelers report market activity is higher than lower, compared to the previous quarter. After a long stretch below that break-even point, the RMI has… Read More ›
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 ›
NAHB’s Remodeling Market Index (RMI) climbed to 50 in the third quarter of 2012, up from 45 in the previous quarter. At 50, the RMI is at its highest point since the third quarter of 2005, tracking the positive trends recently seen in the rest of the housing sector. The RMI measures professional remodelers’confidence in the market based on a quarterly… Read More ›
NAHB’s Remodeling Market Index (RMI) slipped under pressure from a softening labor market, dropping two points to 45 in the second quarter of 2012. The downward adjustment comes after the RMI reached 48 twice in 2011, the highest reading since 2006. The RMI is based on a quarterly survey of NAHB remodelers that asks them to rate current remodeling activity… Read More ›
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 ›
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 ›
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 ›