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The National Association of Home Builders’ Remodeling Market Index (RMI) rose to 46.5 in the first quarter, compared with 41.5 in the fourth quarter of 2010, marking the highest level for the Index since the fourth quarter of 2006.  A RMI below 50 indicates more remodelers report lower month-over-month market activity than those who report activity is higher.

The overall RMI combines ratings of current remodeling activity with indicators of future activity like calls for bids. Current market conditions for the first quarter of 2011 rose to 46.1 from 43.3 in the previous quarter. Future market indicators climbed to 46.8 from 39.7 in the previous quarter.

Regional break downs for current remodeling market conditions showed growth in all but one area: Northeast 46.1 (from 38.8 in the fourth quarter), South 46.1 (from 45.8), and West 46.1 (from 39.7). Only the Midwest experienced a decline to 47.1 (from 54.3).

C.A.R.

Posted by Adam Andrus on May 5th, 2011 8:23 AMPost a Comment (0)

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