Remodeling Industry Confidence Is Strong Despite COVID-19
The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79. The finding is a signal of residential remodelers' strong confidence in their markets, for projects of all sizes.
"The remodeling market was consistently strong throughout 2020, as home owners had more time on their hands to improve their homes and add space and efficiency," said NAHB remodelers chair Tom Ashley, Jr., CAPS, CGP, CGR, a remodeler from Denham Springs, La. "However, activity slowed a bit at the end of the year as a result of the rising Covid-19 cases and an increase in economic insecurity."