- Remodelers were feeling good about their business in the first quarter of the year and an index of their sentiments on current business rose three points in the second quarter.
- The National Association of Home Builders' (NAHB) found that the Remodeling Market Index – based on current business – went from 53 to 56, and an index that looks at future business went up four points to stand at 56 as well.
- The factors that go into the future index are calls for bids, amount of work committed for the next three months, backlog of jobs and appointments for proposals.
NAHB attributed the increase to customers feeling more confident about spending now than they had in the recent past and to rising employment. The NAHB indices all use 50 as a tipping point between pessimism and optimism.