Remodeling Industry Sees Optimism Despite COVID-19

The National Association of Home Builders released its Remodeling Market Index in the second quarter of 2020, posting a reading of 73. This is the second quarter with a new RMI, redesigned to ease respondent burden and improve its ability to interpret and track industry trends. The new series is not seasonally adjusted, therefore index readings cannot be compared quarter to quarter.    

"Many remodelers are busy, even busier than prior to COVID-19. Home owners are calling for decks, patios, porches, and kitchen and bathroom jobs," said NAHB remodelers chair Tom Ashley, Jr., CAPS, CGP, CGR, a remodeler from Denham Springs, La. "Their optimism for a stronger market is evident through their RMI responses."