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 measured on a scale from 0 to 100, where an index number of 50 indicates a higher share of remodelers view conditions as good rather than poor.
The Current Conditions Index is an average of three components: the current market for large remodeling projects, moderately-sized projects, and small projects.
The Future Indicators Index is an average of two components: the current rate at which leads and inquiries are coming in, and the current backlog of remodeling projects.
The overall Remodeling Market Index is calculated by averaging the Current Conditions Index and the Future Indicators Index.
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