Metrostudy's analysis finds better-than-2007 conditions in 105 of 366 markets.
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The Remodeling Market Index (RMI) reached 55 in the fourth quarter of 2012, increasing five points from the previous quarter, according to the National Association of Home Builders (NAHB). This is the highest reading since the first quarter 2004.
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At the 2013 International Builders' Show in Las Vegas, a panel of experts told the press that remodelers are gaining confidence and agreed with the National Association of Home Builders' assessment that remodeling spending for single-family owner-occupied homes will increase 2.4% in 2013 over 2012.
According to the Hanley Wood Residential Remodeling Index, remodeling and replacement projects will increase well into 2013.
With data in from the Bureau of Economic Analysis (BEA), it is becoming clear that home building is a leading source of economic growth for 2012.
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The Remodeling Market Index (RMI) climbed five points to 50 in Q3 2012, according to the National Association of Home Builders.
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The improving housing market and record low interest rates could be creating a perfect storm that leads to gains in home improvement activity for the rest of the year and well into 2013, according to the Leading Indicator of Remodeling Activity released by the Remodeling Futures Program at the...
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According to FNC, a software technology company for mortgage lenders and servicers, in August, home prices rose for the sixth consecutive month, which is consistent with the signs of strengthening market conditions led by rising existing home prices and declining foreclosure activity.
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The Remodeling Market Index (RMI) slipped two points to 45 for Q2 2012.
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The Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University suggests that annual homeowner improvement spending may reach double-digit growth by the first quarter of 2013.