Dive Brief:
- 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.
Dive Insight:
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.