Menu

NYSAR News

Latest News

Remodeling market indicator remains in positive territory

Jul 21, 2017
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the second quarter of 2017, down three points from the first quarter. For 17 consecutive quarters, the RMI has been at or above 50, which indicates that more remodelers report market activity is higher than report it is lower. 

“While remodelers continue to see robust demand across the country, the lack of skilled labor continues to be a serious issue,” said NAHB Remodelers Chairman Dan Bawden. “Remodelers are finding they have to decline projects because they can’t hire enough skilled staff to keep up with the demand.”

Learn more.
Featured Content

Empire State home sales stay at elevated level during April

Against the backdrop of fewer homes on the market, homebuyers in New York State closed 8,640 sales during April, falling only 2.6 percent from April 2017. The median sales price growth trend continued, increasing by nearly 12 percent compared to last April to reach $260,000 for the month. Click here to read more.

NYSAR News