Remodeling Market Index Hits Record Level

Washington, DC, Jan. 20, 2015 --  The National Association of Home Builders’ Remodeling Market Index posted a record-high result of 60 in the final quarter of 2014.

A reading above 50 indicates that more remodelers report market activity is higher than report it is lower.

“The recent pace and volume of business has been a boon to our remodeler members’ confidence in the recovery of the housing market,” said NAHB Remodelers Chair Paul Sullivan.

“The upward trajectory of the RMI results over the past year has shown that home owners are ready, willing and deciding to remodel.”

The RMI’s future market conditions index rose to 60 from 58 in the previous quarter. All four of its subcomponents—calls for bids, amount of work committed for the next three months, backlog of jobs and appointments for proposals—increased from the previous quarter’s reading.