Builder Confidence “Holds Firm” According to NAHB Report
Current Market Conditions Component rose two points from the previous quarter to 55 according to a recent NAHB report.
❖ Major Additions and Alterations increased four points to 53;
❖ Minor Additions and Alterations and the Home Maintenance and Repair
Components both held steady at 55 and 56, respectively;
❖ Future Market Indicators Component gained one point from the previous
quarter to 55.
Remodelers are also remaining confident,
according to the NAHB .The Remodeling Market Index (RMI) of
NAHB, association officials announced on Jul. 18, recorded a reading of 55 in the second quarter of 2019, rising one point from the previous quarter.