At the Professional Remodelers Organization, we’ve been hearing that calls are slowing down a little this summer and the Remodeling Market Index seems to indicate that trend – but the real message here is that even with a slight drop this quarter, the market has still greatly improved over the last three years!
The Remodeling Market Index is published quarterly by the National Association of Home Builders, Remodelers Division. In the second quarter of 2011 the RMI dipped slightly from 46.5 to 43.9.
In a recent post from the NAHB Remodelers, chief economist David Crowe stated, “While the RMI indicates that the home remodeling market softened somewhat in the second quarter, this is still the second highest RMI we’ve been able to report since the third quarter of 2007.”
Please follow the link below to read the full article from NAHB about the RMI and it’s trajectory.