Remodelers Confidence Soars Year-Over-Year in Q1 of 2021
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Remodeler Confidence Up Strongly Year over Year
Remodeler Confidence Up Strongly Year over Year
According to the Remodeling Market Index (RMI) released today by the National Association of Home Builders (NAHB), remodelers confidence was up sharply year-over-year. In Q1 of 2021, the RMI posted a reading of 86, up 38 points from Q1 of 2020. An index number above 50 indicates that remodelers view conditions as good rather than poor. The large year-over-year increase indicates a very powerful recovery in remodeling activity since the COVID-19 pandemic began. The NAHB is projecting that remodeling activity will continue to grow into 2021 as the economy accelerates with an easing of the pandemic.
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