Remodelers See Business Improving
January 26, 2012 – 12:17 pmPosted To: MND NewsWire
Like their home-building counterparts, remodelers who are members of the National Association of Home Builders (NAHB) are displaying more confidence in their industry than they have in years. The NAHB's Remodeling Market Index (RMI) for the fourth quarter of 2011 which measures remodelers' sentiments about their business climate rose to 46.6 its highest level in five year. In the third quarter the Index was 41.7. Like the Home Builders Index (HMI) the measures responses from home builders, the RMI surveys NAHB members who are involved in remodeling about current market conditions and about indicators of future conditions. Scores above 50 for the HMI, the RMI or their component indices indicate that more respondents view the market as good than view it as fair. In January the HMI hit a 54 month...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.