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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Remodeler Confidence Up Strongly Year over Year