Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Remodeling Index Edges Down from Recent High
Jul 30, 2012
 Printable format
 Email this Article
 Search

The National Association of Home Builders' Remodeling Market Index (RMI) edged down 2 points to 45 in the second quarter of 2012. The adjustment comes after the RMI reached 48 twice in 2011 - its highest reading since 2006.

The RMI is based on a quarterly survey of NAHB remodelers that asks them to rate current remodeling activity along with indicators of future activity. An RMI under 50 indicates that more remodelers report market activity is lower (compared to the prior quarter) than report it is higher.

The RMI component measuring current market conditions dropped from 49 in the first quarter of 2012 to 46 in the second quarter of 2012.

The RMI component measuring future indicators of remodeling business remained unchanged at 44.

"Remodelers have some backlog of jobs and along with higher quality leads, this is making them cautiously optimistic about the near future," said NAHB Remodelers Chairman George "Geep" Moore Jr., GMB, CAPS, GMR and owner/president of Moore-Built Construction & Restoration Inc. in Elm Grove, LA. "The positive outlook is constrained by continuing credit constraints and inaccurate appraisals that make customer financing difficult for big jobs like additions and whole house remodels."

Back to Daily News

 

Daily News

...........................................................

Jul 21, 2014: Electrolux Sees Continued Improvement in European, North American Major Appliance Markets

Jul 21, 2014: Briggs and Stratton Plans to Scale Back Snapper Brand and Close Georgia Plant

Jul 18, 2014: Whirlpool to Pay $1 Billion for Indesit

Jul 18, 2014: BSH North America CEO Traub Leaving, Michael Steinle Taking Over

Jul 18, 2014: Report: Indians Spent $150 Million for Water Purifiers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows