Remodeler confidence was up strongly on a year-over-year basis, according to the Remodeling Market Index (RMI) released today by the National Association of Home Builders (NAHB). In the first quarter of 2021, the RMI posted a reading of 86, up a full 38 points from the first quarter of 2020. The large year-over-year increase signals a very strong recovery in… Read More ›
NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.2% in February to a seasonally adjusted annual rate of $718 billion, after reaching a record high in January 2021. It is in line with the slow pace of housing starts in February and recent softening of the NAHB/Wells Fargo Housing Market Index. Total private… Read More ›