NAHB/Westlake Royal Remodeling Market Index (RMI)

The NAHB/Westlake Royal Remodeling Market Index (RMI) is based on a quarterly survey of NAHB remodeler members that provides insight on current market conditions as well as future indicators for the remodeling market. New Methodology as of Q1 2020 The NAHB/Westlake Royal RMI is based on a quarterly survey of NAHB remodeler members that provides insight on current market conditions as well as future indicators for the remodeling market. The RMI survey asks remodelers to rate five aspects of the remodeling market as “good,” “fair” or “poor.” Each question is…

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Framing Lumber Prices

According to the NAHB, the framing lumber composite price increased 0.5% for the week ending on Oct. 4 compared to the previous week. Lumber prices are currently 3.6% lower than they were one year ago. NAHB continually tracks the latest lumber prices and futures prices, and provides an overview of the behaviors within the U.S. framing lumber market. The information is sourced each week using the Random Lengths framing lumber composite price which is comprised using prices from the highest volume-producing regions of the U.S. and Canada. A summary of…

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Remodeling Market Sentiment Improves in Fourth Quarter

According to the National Association of Home Builders (NAHB), NAHB released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 67, increasing two points compared to the previous quarter. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair” or “poor.” Each question is measured on a scale from 0 to 100, where an index number above 50 indicates that a higher share view conditions as good than poor. The Current Conditions Index is an average…

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NAHB Debuts New Index for Multifamily Activity

NAHB Debuts New Index for Multifamily Activity NAHB redesigned its Multifamily Market Survey in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. Read More National Association of Home Builders https://www.nahb.org/news-and-economics/press-releases/2023/05/nahb-debuts-new-index-for-multifamily-activity

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Veteran Employment in Construction Increases in 2022

Veteran Employment in Construction Increases in 2022 The share of employed veterans working in the construction industry increased to 6.5% in 2022 — the second consecutive annual increase. The share has climbed 0.6% since 2020 and is just… Read More National Association of Home Builders https://www.nahb.org/blog/2023/04/veteran-employment-in-construction-increases-in-2022

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Help Your State Make the Right Choice on Energy Codes

Help Your State Make the Right Choice on Energy Codes States and large municipalities across the United States are engaged in a review of their energy codes for residential construction with an eye toward adopting updated energy conservation requirements. Read More National Association of Home Builders https://www.nahb.org/blog/2023/03/partnering-on-state-energy-code-grants

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Fed Raises Interest Rates by 25 Basis Points; Credit Conditions to Tighten

Fed Raises Interest Rates by 25 Basis Points; Credit Conditions to Tighten The Fed’s projections indicate that additional increases may be in store to achieve the level of tightening necessary to ultimately bring inflation back — over time — to the Fed’s target of 2%. Read More NAHB https://www.nahb.org/blog/2023/03/fed-raises-interest-rates-by-25-basis-points

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