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

U.S. Remodeling Market Grows in Q1
May 25, 2005
 Printable format
 Email this Article
 Search

U.S. remodeling activity showed strong growth in the first quarter of 2005, according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI). The first-quarter results were two points ahead of the seasonally adjusted fourth quarter of 2004.

"The RMI showed a nice rebound from some worse than normal weather this past winter, particularly in the Northeast and Midwest," said Remodelors Council Chairman Don Novak, a remodeler from Cedar Rapids, IA, U.S.

The RMI is derived from a quarterly national survey of more than 500 remodelers and is seasonally adjusted. The current market conditions index grew two points, from 50.7 last quarter to 52.9. The future expectations index moved slightly lower from 54 to 53.6, but remained in the positive zone. Regionally, market conditions showed strong growth across the board except for the West.

"We saw solid growth in the first quarter of this year and continued positive momentum into the next quarter," said NAHB Chief Economist Dave Seiders. "Calls for bids, amounts of work committed, and backlogs of remodeling jobs are all up, leading us to expect continued healthy growth over the balance of 2005."

The market saw little change in major additions and alterations ($25,000 or more), moving from 49.88 to 50.19. However, the renter-occupied market -- which makes up approximately one-third of all remodeling activity -- showed strong growth with a more than 5-point gain from 34.45 to 39.7. Minor additions and alterations showed stronger growth, moving from 50.15 to 52.78, with the renter-occupied market again leading the charge on a seven point increase.

The RMI "special questions" section surveyed remodelers on in-house design services and their involvement with retailers and professional design dealers, such as Lowes and Home Depot. Of the 66 percent of remodeling companies that offer design services to customers, only 6 percent work with a retailer or professional design dealer to install or provide remodeling jobs. Of those that offer in-house design services, 57 percent employed a general designer, followed by interior designer, certified kitchen designer, or architect at 17, 15, and 15 percent respectively.

Back to Daily News

 

Daily News

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

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

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