Remodelers’ Confidence Holding Steady

The National Association of Home Builders (NAHB) has released their Remodeling Market Index (RMI) for the 3rd Qtr., of 2019. The RMI posted a reading of 55, which is unchanged from the 2nd Qtr.  A reading of 50 or above indicates that remodelers view the market as good. The RMI has remained above 50 since the second quarter of 2013.  Contributing to the remodelers upbeat assessment of their market is recent natural disasters and the need for repair that follows.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.