Remodeling Industry Confidence Improves Year over Year

The National Association of Home Builders (NAHB) released its NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter, posting a reading of 87, up five points from the third quarter of 2020. The finding is a signal of residential remodelers' confidence in their markets, for projects of all sizes.

"Demand for remodeling remains strong, and remodelers are doing quite well as long as they can adequately deal with material and labor shortages," said NAHB Remodelers chair Steve Cunningham, CAPS, CGP. "So far, a substantial share of their customers have been willing and able to tolerate the extra cost and delays of requested remodeling projects."