Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

Moore-Built Construction & Restoration Inc.

Home Remodeling Sees Quarterly Drop Nationwide


The second quarter results of the Remodeling Market Index (RMI) slipped under pressure from a softening labor market, according to the National Association of Home Builders (NAHB), dropping two points to 45. The downward adjustment comes after the RMI reached 48 twice in 2011, the highest reading since 2006. The RMI is based on a quarterly survey of NAHB remodelers that asks them to rate current remodeling activity along with indicators of future activity, like calls for bids.Click to continue

Q1 Remodeling Activity Remains Relatively Unchanged

Home Construction/Credit: Hans Hansen

Remodeling activity remained relatively flat in the first quarter of 2012, as the Remodeling Market Index (RMI) compiled by the National Association of Home Builders (NAHB) decreased one point to 47 from the upwardly revised 48 in the previous quarter. The overall RMI combines ratings of current remodeling activity with indicators of future activity.Click to continue

Los Angeles County Spends $8.4 Billion Annually on Home Remodeling

Home Construction/Credit: Hans Hansen

Los Angeles County, Calif., leads the nation in total county remodeling expenditures per year at $8.4 billion, according to the National Association of Home Builders (NAHB). Meanwhile, regarding remodeling dollars spent per household, Nantucket County, Mass., ranks highest with a yearly average of $8,520.Click to continue