The final quarter of 2014 saw a Remodeling Market Index record-high result of 60, according to the National Association of Home Builders.
This was an increase of two compared with the third-quarter RMI of 58. A number above 50 means that more remodelers report market activity is higher than report it is lower (compared with the previous quarter).
"The recent pace and volume of business has been a boon to our remodeler members' confidence in the recovery of the housing market," said NAHB Remodelers Chair Paul Sullivan in a statement. "The upward trajectory of the RMI results over the past year has shown that home owners are ready, willing and deciding to remodel."
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