The residential remodeling market showed signs of improvement during the first quarter of 2009 with significant growth in all key indicators, according to the latest National Association of Home Builders’ Remodeling Market Index (RMI). According to the Washington, DC-based NAHB, the current market conditions measure on the RMI rose to 34.5 from 25.5 in the fourth quarter of 2008. Future expectations jumped to 30 from a historic low of 18.6 the previous quarter. “Remodelers say things are looking up from the doldrums of the fourth quarter,” said NAHB Chief Economist David Crowe. “While conditions remain below average and are down slightly from this time last year, the gains over the last quarter, and improvement in market expectations suggest a spark to the start of recovery in the remodeling market.”
What does this mean to you? Now may be the time to act on putting in those new windows or that new kitchen. Build that deck or upgrade a living space. Green upgrades are also hot. Contractors are able to work with you so your projects can be done in time to enjoy them before the end of the summer.
Check with Shelly’s first for material needs and contractor referrals to put your project in motion.
This entry was posted on Wednesday, July 15th, 2009 at 11:04 am.