Remodeling Market Report 1st Quarter 2019

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

On April 18, 2019, The National Association of Home Builders (NAHB) Remodeling Market Index (RMI) declined three points to 54 points in the 1st quarter of 2019, from 57 points in the 4th quarter of 2018.

The Remodeling Market Index’s current market conditions index down four points to 53 points in the 1st quarter of 2019, from 4th quarter of 2018, major additions and alterations dropped seven points to 49 points, the component measuring demand for smaller remodeling projects lower one point to 55 points, and the home maintenance and repair component fell three points to 56 points in the 1st quarter of 2019, from 4th quarter of 2018.

NAHB Chief Economist Robert Dietz, stated “NAHB’s forecast calls for slowing growth, given declining home price appreciation and existing home sales volume, combined with rising construction costs.

For complete more detailed information about NAHB Builder Confidence Index for 1st quarter of 2019, 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
3,150,958
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John if this keeps up pretty soon I will be able to find a hungry contractor to do our bathroom....Endre

Apr 18, 2019 11:56 PM #1
Rainmaker
3,133,396
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. Declining home appreciation has been a problem in many sreas of the Chicago market. Interestingly, many are updating their units in my building. Enjoy your day!

Apr 19, 2019 04:21 AM #2
Rainmaker
5,221,811
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, John, for sharing this report.

Have a very special weekend.

Apr 19, 2019 04:32 AM #3
Rainmaker
2,682,132
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Endre Barath, Jr. you are right, slower remodeling market will encourage contractor do small projects. Thanks for the comment.

Apr 19, 2019 02:19 PM #4
Rainmaker
2,682,132
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Wayne Martin some areas home appreciation declining. Many property owners updating their units to slow down further decline in property values. Enjoy your day too. Thanks for the comment.

Apr 19, 2019 02:23 PM #5
Rainmaker
2,682,132
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome Roy Kelley glad you find the report very helpful. Have a great special weekend too. Thanks for the comment.

Apr 19, 2019 02:24 PM #6
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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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