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Thursday, August 26, 2004

 

RESIDENTIAL REMODELING INDEX DOWN SLIGHTLY

RESIDENTIAL REMODELING INDEX DOWN SLIGHTLY
08/26/2004
WASHINGTON -- The National Association of Home Builders’ Remodeling Market Index declined in the second quarter of 2004 to 53.5, from a first quarter 2004 reading of 59.0. NAHB shrugged off the dip, saying the second quarter results fall in line with the pace set a year ago, edging down slightly from the exceptional movement at the beginning of the year.
“Despite the dip from last quarter, many remodelers are still busy and backlogged,” said NAHB Remodelors Council Chairman Douglas Sutton, Sr., CGR, CAPS, a remodeler in Springfield, Ill. “A year-to-year comparison shows we are set to match last year’s very strong activity - we don’t expect anything less.”



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