The latest release of the Remodeling Market Index (RMI) showed a slight increase in activity, but it likely isn't indicative of an imminent housing market recovery.
On March 31, after years of research, proposals, debate, and revisions, the Environmental Protection Agency (EPA) issued its final rule on lead-safe work practices. The rule fulfills the EPA's obligation ó laid out in the Residential Lead-Based Paint Hazard Reduction Act of 1992 ó to “establish standards for performing lead-based paint activities that are reliable, effective, and safe.”
Outside of a very small minority of remodeling companies, green building practices represent a new frontier for the industry. While the design process, installation procedures, and overall mindset necessary to truly build green are indeed unique, it's important not to forget the basics when it comes to marketing your company as green.
After this month, people who relied on the Census Bureau for in-depth informationon the money spent on residential remodeling in the U.S. will have agap to fill.
The latest release of the Leading Indicator for Remodeling Activity has even the most optimistic industry observers down on the market's chances to bounce back soon.