Posts Tagged remodeling

Desire for newer, better amenities remains top reason for home remodeling

couple painting a wall

Homeowners have different reasons for remodeling. Some want to upgrade outdated amenities, others may want to alter the home’s layout, and a few may want to add aging-in-place or handicap accessibility features. The top reason for remodeling however, has remained the same since last year. According to the National Association of Home Builders’ Remodeling Market Index (RMI) survey, for the 1st quarter of 2017, the simple desire for newer or better amenities ranked as the number one reason people chose to remodel their homes.

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Remodeling Market Looking Bright in Third Quarter

home improvement tools

The National Association of Home Builders (NAHB) recently announced a significantly positive trend that appeared in their latest Remodeling Market Index (RMI). The RMI, released Oct. 20, showed a reading of 57 in the third quarter of 2016, a four-point increase from the previous quarter. The NAHB stated in a recent press release that this improvement also signaled a “return to levels seen consistently throughout 2015.”

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More Homeowners Planning Larger Remodeling Projects in 2016

home improvement tools

As real estate inventory remains tight across the country, more homeowners are choosing to “improve, not move.” At least, that’s what the results of a recent survey from the National Association of Home Builders (NAHB) seem to indicate. According to the NAHB’s survey, larger home improvement projects, such as whole house remodels and room additions, are becoming more common.

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