New numbers show things are looking up for remodelers! NAHB’s Remodeling Market Index (RMI) was 60 in the final quarter of 2014, indicating widespread confidence among remodelers that the market was improving. The RMI and each of its components lies on a scale of 0 to 100. A number above 50 indicates that more remodelers believe market activity has improved.
Overall RMI: combines ratings of current remodeling activity with indicators of future remodeling activity.
Current market conditions RMI: increased to 60 from 57.
Future market conditions RMI: also increased, to 60 from 58.
Overall, remodelers are optimistic that the market is improving, and looking at 2015 to be a big year!