Orange County Register

National Association of Home Builders’ second quarter Remodeling Market Index for the nation shows:

The current market conditions component slipped from 46.1 to 44.8 on a seasonally adjusted basis and the future expectations measure declined by more than two points to 44.1. The RMI measures remodeler perceptions of market demand for current and future residential remodeling projects. Any number over 50 indicates that the majority of remodelers view the market conditions as improving.
“While we have experienced some weakening in the remodeling market, activity has remained relatively steady,” said NAHB Remodelers Chairman Mike Nagel, a remodeler from Chicago. “We may have seen a decline in the number of major remodeling projects; however the market has been buoyed by an increase in the number homeowners requesting smaller scale projects and home alterations.”

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