On January 17, 2019, The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) declined one point to 57 points in the 4th quarter of 2018, from 57 points in the 3rd quarter of 2018.
The Remodeling Market Index’s current market conditions down one point to 57 points, major additions and alterations unchanged at 56 points, the component measuring demand for smaller remodeling projects lower one point to 56 points, and the home maintenance and repair component decreased one point to 59 points in the 4th quarter of 2018, from 3rd quarter of 2018.
“Many of the fundamentals for the remodeling market, including demographics and economic and employment growth, remain favorable,” stated NAHB Chief Economist Robert Dietz. “However, remodelers continue to face challenges in keeping their prices competitive while dealing with the increasing costs of labor and building materials.”
For complete more detailed information about NAHB Builder Confidence Index for 4th quarter of 2018, please click HERE
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