Confidence in the home remodeling market in the first quarter of 2025 had a reading of 63, down five points compared with the fourth quarter of 2024, according to the National Association of Home Builders/Westlake Royal Remodeling Market Index.
An index level above 50 indicates more remodelers view conditions as good than poor. However, this is only the second time since the first quarter of 2020 that the RMI was as low as 63.
“The five-point decline in the RMI likely reflects consumer uncertainty, fueled by rising costs and tariff concerns,” NAHB Chief Economist Robert Dietz said in a statement. “Although almost all the data for the first quarter RMI were collected before the release of specific reciprocal tariffs, the debate and uncertainty over tariffs has had an effect on consumer confidence. Indeed, remodelers responding to the RMI survey reported that their suppliers have already increased prices by an average of 6.9% since January due to the anticipated effect of tariffs.”
Read the full report here.
