Remodelers are feeling good about the surge in the industry. The Remodeling Market Index (RMI) ended 2013 at 57 with future market indexes rising from 56 to58, the highest figures in that arena since 2005. Remodelers are confident and looking forward to steady increases going forward. The improved RMI was determined by bid increases, a rise in three-month work commitments, and proposal appointments. According to Chief Economist David Crowe of the National Association of Home Builders (NAHB), market improvement is occurring steadily and will continue throughout 2104. The consistent sale of existing home combined with improved interest rates and growing home equity have allowed home remodeling to resurge as an affordable option.
Read the full article here: Remodeling Holds Strong at Historical High