Remodeling Market Stays Unchanging in Recent Years
The NAHB/Westlake Royal Remodeling Market Index (RMI), which determines residential remodelers’ confidence in their markets, have found that the remodeling business in the first quarter of 2022 reflects the index reading in the first quarter of 2021.
As seen on NAHB Now, “Business remains strong for most remodelers at the beginning of 2022,” said NAHB Remodelers Chair Kurt Clason, a remodeler from Ossipee, N.H. “However, a few are starting to report that customers are reluctant to move forward on projects due to the delays and higher costs caused by supply chain problems.”
