Key remodeling index shows most activity in seven years

Key remodeling index shows most activity in seven years

An important indicator of remodeling robustness jumped five points this past quarter climbing back to 2005 levels, according to the National Association of Home Builders. The Remodeling Market Index hit 50 meaning that more contractors are reporting higher activity than lower, compared to three months ago. The activity was particularly strong in owner-occupied homes indicating that homeowners are regaining confidence in the value of their houses.

“The strength of the RMI, especially in owner-occupied properties, shows that homeowners are investing … (read more)