Riding on the heels of historically low interest rates and a solid level of consumer confidence, the National Association of Home Builders Remodeling Market Index (RMI) posted a strong third quarter. Today's third-quarter results moved one point ahead of the seasonally adjusted second quarter in 2004. "This has been an amazing year for remodeling," said NAHB Remodelors Council Chairman Douglas Sutton Sr., a remodeler in Springfield, Ill. "With home sales remaining record-breaking, the major additions and alterations sector has kept many remodelers busy with continually growing backlogs." The RMI is derived from a quarterly national survey of 500 remodelers. The current market conditions index moved one point, from 50.6 last quarter to 51.8. The future expectations index remained uncha...
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