Remodeling Market Report 3rd Quarter 2019

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

On October 17, 2019, The National Association of Home Builders (NAHB) Remodeling Market Index (RMI) unchanged at 55 points in the 3rd quarter of 2019 from 55 points in the 2nd quarter of 2019.

The current market conditions index declined one point to 54 points in the 3rd quarter of 2019 from 55 points 2nd quarter of 2019.
The major additions and alterations down one point to 52 points in the 3rd quarter of 2019 from 53 points 2nd quarter of 2019.
The demand for smaller additions and alterations fell two points 53 points in the 3rd quarter of 2019 from 55 points 2nd quarter of 2019.
The home maintenance and repair component up one point to 57 points in the 3rd quarter of 2019 from 56 points 2nd quarter of 2019.

"The demand for remodeling is fueled by a healthy labor market and low interest rates," said NAHB Chief Economist Robert Dietz. "However, the remodeling market is still constrained by high costs and lack of skilled labor."

For complete more detailed information about NAHB Builder Confidence Index for 3rd 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
3,219,876
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John indeed it is fueled by good economy, many job opportunities and the list goes on and on, Endre

Nov 07, 2019 10:31 PM #1
Rainmaker
3,334,618
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. Living in a condo building built in the early 2000's, remodeling is rampant here, a market aberration! Enjoy your day!

Nov 08, 2019 05:30 AM #2
Rainmaker
5,077,069
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, John Pusa home maintenance and repairs figures are usually consistent...everything has an effective life and repairs are needed.

Nov 08, 2019 05:32 AM #3
Rainmaker
2,828,196
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Endre Barath, Jr. I agree, the strong market is fueled by good economy, many job opportunities. Thanks for the comment.

Nov 08, 2019 03:58 PM #4
Rainmaker
2,828,196
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Wayne Martin condominium buildings always need  updating. Enjoy your day too. Thanks for the comment.

Nov 08, 2019 04:01 PM #5
Rainmaker
2,828,196
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good afternoon Barbara Todaro very true, properties have effective life, always need maintenance and repairs. Thanks for the comment.

Nov 08, 2019 04:04 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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