The final Remodeling Market Index (RMI) of 2005 showed a slowdown in the fourth quarter. The year as a whole was positive— though somewhat below the level of 2004.
Current market conditions in the remodeling industry increased for most of the U.S. from the fourth quarter of 2004, according to the first quarter 2005 release of the NAHB's Remodeling Market Index.
Unusually wet weather toward the end of the year hindered remodeling activity in the fourth quarter of 2004, according to the NAHB.
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Not only were remodelers pleased with the market during the third quarter of 2003 but they remained upbeat for the coming months.The current conditions portion of the RMI jumped 4.6 points from the same time in 2002.
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The NAHB's quarterly Remodeling Market Index showed positive results. The current market conditions portion of the index gained nearly a point from the second quarter of 2002, while expectations for the future skyrocketed to their most positive level in two years.
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Remodeling market index Both components of NAHB's Remodeling Market Index fell at the end of 2002. The future expectations portion of the Index experienced an even larger decrease, from 42.8 to 39.1. Financing remodeling projects is as attractive as ever, with second mortgage interest rates at...
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At 49.3 in the third quarter, the RMI for current conditions is down from 52.7 in the second quarter; the Future Expectations Index dropped to 48.0 from 52.2 a quarter earlier. Consumer confidence Consumer confidence fell for the fifth straight month in October. Second mortgage interest rates were...
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The first quarter of 2002 showed gains in all categories that contribute to the NAHB's quarterly Remodeling Market Index (RMI).
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The NAHB's Current Remodeling Market Index (RMI) of 45.0 was nearly the same as the 45.7 for the third quarter. Record existing home sales Existing home sales in January rose above a 6 million-unit annual rate for the first time in history, according to the National Association of Realtors. The...
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According to the quarterly Remodeling Market Index (RMI), the September terrorist attacks had an immediate effect on the business outlook.