WASHINGTON — Professional remodelers were busier in this year's second quarter than they have been at any time in the past two years, and most expect business to continue improving in the coming months, according to results of the National Association of Home Builders (NAHB) Remodeling Market Index (RMI).
"Surging home sales, steadily rising home values (against which people borrow to finance improvements), and a low-interest-rate environment all contributed to the pickup in remodeling in the second quarter," said Mike Weiss, chairman of the NAHB Remodelors™ Council. "Moreover, signs of an improving economy and rejuvenating consumer confidence mean the future is looking even brighter for professional remodelers."