Remodelers busy as home prices riseJuly 29, 2013 @ 8:09 am
As home prices rise, remodelers are feeling optimistic about the home improvement market, the National Association of Home Builders reported.
"Not only do remodelers have projects booked for the next few months, but they also have more work coming in the door," said Bill Shaw, NAHB remodelers' chairman.
The second quarter Remodeling Market Index (RMI) rose six points to 55. An RMI above 50 indicates that more remodelers are reporting higher market activity, according to NAHB.
"Rising home prices are making remodeling jobs possible for more homeowners while existing home sales provide additional momentum as owners prepare their homes for market," said David Crowe, NAHB chief economist.
Our phones entertain us, inform us and now might protect us
Pumpkin-flavored items are coming to store shelves whether it's fall or not
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.