Confidence in the remodeling market rose six points in the second quarter of 2013, with the Remodeling Market Index reaching 55, according to the National Home Builders Association.
An RMI above 50 indicates more remodelers report current and predicted market activity is higher compared with the prior quarter than feel activity is lower.
"Remodelers' positive sentiment is directly related to increased demand for their services. Rising home prices are making remodeling jobs possible for more homeowners while existing home sales provide additional momentum as home owners prepare their homes for market," said NAHB Chief Economist David Crowe in a statement.
More information on the RMI can be found here.
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