Remodeler Confidence Remained High in Q4 2020

The National Association of Home Builders’ (NAHB) is reporting in their Q4 2020 Remodeling Market Index (RMI) had a reading of 79. The reading shows remodelers’ strong confidence in their markets, for projects of all sizes, in spite of the ongoing negative impacts from the COVID-19 pandemic. The Q4 RMI reading indicates robust growth for remodelers going into 2021. The NAHB is forecasting accelerated economic growth in the second half of 2021, as vaccination rates rise, which will they believe will foster further remodeling activity.