Economy keeping remodeling market slow
The National Association of Home Builders (NAHB) Remodeling Market Index showed that the economy is still putting a damper on the remodeling industry, according to NAHB’s blog.
The index dropped to 41.7 in the third quarter from 43.9 in the second quarter, after having reached a four-year high of 46.5 in the first quarter of the year.
Many remodelers report that although home owners are interested in pursuing remodeling, they are reluctant to commit right now while the economic climate remains uncertain. Before remodeling picks up again, consumers will need access to less restrictive lending and more confidence in their economic future.
To read more, read the blog.