Remodeling Market Report 1st Quarter 2018

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

On April 19, 2018, the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) declined three points to 57 points in the 1st quarter of 2018, from 4th quarter of 2017.

The RMI’s current market conditions index fell two points to 58 points, major additions and alterations decreased four points to 56 points, component measuring demand for smaller remodeling projects higher one point to 60 points, and home maintenance and repair component dropped four points to 57 points in the 1st quarter of 2018, from 4th quarter of 2017.

NAHB Chief Economist Robert Dietz, stated “This quarter’s dip may be related to unusually cold weather in many parts of the country, but the forecast is for the remodeling market to grow in 2018.”

For complete more detailed information about NAHB/s remodeling market report for 1st Quarter of 2018, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about the  housing market. Thank you for sharing 

Apr 26, 2018 03:42 AM #1
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Gita Bantwal glad you find the report very helpful. Thanks for the comment.

 

Apr 26, 2018 04:31 PM #2
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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