In the first quarter of 2024, the National Association of Home Builders (NAHB)/Westlake Royal Remodeling Index (RMI) reported a U.S. remodeling confidence index of 66, dipping one point from Q4 2023 and down four points compared to the same period in 2023. The current market conditions indicator was 74, and the future indicators index was 59, both marking no change from the fourth quarter of 2023.
The Remodeling Market Index (RMI) is based on a quarterly survey of NAHB remodeler members, providing insight into current market conditions and future indicators for the remodeling market. A score over 50 indicates remodelers report market activity higher than in the previous quarter. See NAHB
