Remodeler confidence increased two points to 59 in the second quarter of 2015 compared with the first quarter, according to the National Association of Home Builders Remodeling Market Index.
Remodeler confidence increased two points to 59 in the second quarter of 2015 compared with the first quarter, according to the National Association of Home Builders Remodeling Market Index.
An RMI higher than 50 means more remodelers report market activity is higher than report it is lower.
Compared with the first quarter, the RMI in the Northeast stayed the same at 59, increased seven points to 61 in the Midwest, rose one point to 57 in the South and dropped one point to 61 in the West.
“The confidence in the remodeling industry has been in positive territory for nine quarters in a row as the entire housing industry’s situation continues to improve,” said NAHB Remodelers Chair Robert Criner in a statement. “With an increase in existing home sales, remodelers received more signed contracts and calls for pricing.”
