Remodelers Report Steady Growth in 3rd Quarter

The National Association of Home Builders (NAHB) Remodeling Market Index (RMI) posted a reading of 57 for the 3rd Qtr., of 2019, 2 points above the 2nd Qtr., report.  According to NAHB RMI, any reading over 50 indicates that more remodelers report market activity higher compared to the prior quarter than report it lower. When asked about an outlook for 2020, leading economist are predicting a stable market next year, although some experts are pointing to a stall or slowdown near the end of 2020.

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.