Remodelers See Market Improving | #Chappaqua Real Estate

NAHB’s Remodeling Market Index (RMI) was 60 in the final quarter of 2014, indicating widespread confidence among remodelers that the market was improving compared to the previous quarter. The RMI and each of its components lies on a scale of 0 to 100, where a number above 50 indicates that more remodelers report market activity has improved (compared to the prior quarter) than report it has deteriorated.

RMI graph 14Q4

The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity. The current market conditions component of the RMI increased to 60 from 57 in the previous quarter. The readings for all subcomponents, including large additions and small remodels as well as maintenance and repair, also saw increases.


Remodelers See Market Improving | #Chappaqua Real Estate | Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor.

About robertpaulrealtor 914-325-5758

Realtor in Bedford NY specializing in marketing and selling luxury homes and finding the perfect homes for new buyers. Working in Armonk, Katonah, Pound Ridge, Lewisboro, Chappaqua and North Salem. 914-325-5758
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