The Confidence of Remodelers Is Still At a High Level

Real Estate Agent with Long & Foster

The Confidence of Remodelers Is Still At a High Level

The Remodeling Market Index (RMI) (measures Remodelers Confidence) was slightly down in the first quarter but is at the third highest reading since the first quarter of 2006. Concerns about the costs of building materials and labor helped boy framerdrive the index down six points to 49. On a positive note, all categories of remodeling in owner-occupied homes achieved a reading of 51 or better in the latest report, meaning that more remodelers reported improving activity.

Repairs and minor additions are currently the strongest categories of business for remodelers as homeowners continue to invest in deferred maintenance and room-by-room remodeling.  Like the rest of the home building industry, remodelers are starting to feel squeezed by higher costs and limited availability of labor and materials.

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Comments (3)

Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Great information, David. It seems that generally confidence is up...with buyers, builders and sellers. Have a great day.

Apr 28, 2013 10:13 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

David, I can tell that remodeling is still strong by the dozens of people at Home Depot and Lowes. Of course many of these may be flippers in our market.

Apr 29, 2013 01:17 PM
David Brandschain
Long & Foster - Blue Bell, PA

Thanks for comments.  I was just talking to a contractor who is very busy buying lumber repairing houses on the Jersey shore.

May 02, 2013 11:10 PM

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