Remodeler confidence holds steady

The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the third quarter of 2019, remaining stable from the previous quarter. The RMI has been consistently above 50 — indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower — since the second quarter of 2013. The overall RMI averages current remodeling activity and future indicators.