The National Association of Home Builders (NAHB) released its third quarter Westlake Royal Remodeling Market Index, showing that the quarter is down two points on average from 65 to 63.
Both large- ($50,000+) and moderate-sized ($20,000 – $50,000) projects fell down three points, more than the two points small projects (under $20,000) lost.
Despite the decline, most remodelers remain optimistic since an index of about 50 would still indicate a healthy market condition.
