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Remodeling Sentiment Improves in 3rd Quarter01-31-23 | 10
TLE-Anaheim-2025

Remodeling Sentiment Improves in Third Quarter
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by Rebecca Radtke, LCMP


TLE-Anaheim-2025


The National Association of Home Builders (NAHB) released their quarterly survey on current market conditions and remodeling indicators. Called the NAHB/Westlake Royal Remodeling Market Index (RMI), the third quarter saw a reading of 60 ?EUR" up one from the previous quarter as a positive mark ?EUR" but is still lower than it had been between 2021 and 2024.

With marginally lower interest rates, home builders and remodelers are cautiously optimistic since according to the American Planning Association (APA) the median age of the nation?EUR(TM)s owner-occupied houses are 40 years.
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