flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

Remodelers Report Steady Confidence in Industry Conditions

billboard -

Remodelers Report Steady Confidence in Industry Conditions

See the confidence levels remodelers have in the industry from NAHB's latest index.

By Caroline Broderick April 28, 2022
remodeling industry news
remodeling industry news

The latest research analyzing remodelers’ outlook on the industry found a stable positive perception of both the current and future market nationally with slight confidence changes from region to region. 

National Results

The National Association of Home Builders (NAHB)/Westlake Royal Remodeling Market Index recorded an unchanged rate of positivity from remodelers of 86 overall for the first quarter of 2022. The index measures from zero to 100, with positive measurements at 50 or higher. 

One year ago, the index also reached 86. Results align with NAHB’s previous predictions of moderate growth in 2022, but the association says that growth is challenged by rising interest rates and the high cost of building materials. 

While the overall index for the industry is 86, NAHB also surveys remodelers on current and future conditions. Current conditions are measured by averaging the results of three types of projects: large, medium, and small, priced at $50,000 or higher, $20,000 to $49,999, and below $20,000, respectively.

Current conditions were slightly higher than overall sentiment, measuring at 89. That measurement aligns with the previous quarter’s findings. Individually, all project types were close. Small projects had the highest confidence with a score of 90 while medium and large projects both came in at 89.

Future conditions are measured by the rate of leads and inquiries, in addition to current backlogs. This index measured the lowest, though still highly positive. Overall, remodelers’ sentiment on future conditions measured at 82 for the first quarter of 2022. This is two points less than one year ago but up five points from the fourth quarter of 2022.

The current rate of leads and inquiries was the measurement holding the measurement down with a score of 80. That’s a six-point year-over-year drop. On the other hand, backlogs increased by two points to 84.

Regional Results

The region leading in confidence for overall confidence is the west, hitting a 90 while the northeast trailed behind at 79. The south hit a positive number of 87 while the midwest measured 84.

The same trend remains for current and future market conditions, with the west leading in all areas.

Compared to 2022 metro remodeling predictions from the Joint Center for Housing Studies at Harvard University (JCHS), the west also led in the highest projected change in home improvement projection spending, again followed by the south, midwest, and northeast.

The JCHS survey found the states with the most metros poised for spiking home improvement spending for this year are California and Texas.

written by

Caroline Broderick

Caroline Broderick is the Managing Editor for Pro Remodeler. Most recently, she served as the associate editor for PR's sister publications, Pro Builder, Custom Builder, and PRODUCTS where she covered design, building products, trends, and more in the residential construction industry. She can be reached at cbroderick@sgcmail.com.

Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.

Related Stories

The New American Remodel 2023: Lake House Challenge

The New American Remodel 2023 is the epitome of what a great design-build team can accomplish when faced with tough and unexpected problems

NAHB Releases Remodeler Jobsite Safety Plan Outlines

NAHB recently released a remodelers safety & health program for small remodeling businesses

Reflecting on Remodeling in 2022

Despite a challenging year, remodelers continued strengthening the industry through various efforts

The New American Remodel 2023: Fixing Flaws

A lot of thoughtful problem-solving went into this Florida remodel

Builders' Show to Co-Date with More Industry Events

The industry’s largest show now offers more chances to see new innovations

Pro Remodeler’s Young Professionals Event Coming to IBS

Registration is open for our young professionals event taking place in Vegas at IBS 2023

IBS Remodeled Show Home Goes Virtual

The New American Remodel 2023 will highlight digital capabilities

Strength of Remodeling Market Seen in Growing Balance Sheets

Home values continue to grow with the help of remodeling improvements, says the National Association of Home Builders

Highlighting Opportunities for Women in Construction

The National Association of Home Builders recently testified to Congress for stronger benefits and will celebrate Professional Women in Building Week next month

Lessons from Aging-in-Place Remodeling Pros

Remodelers say knowledge, passion, and trust are key to successful aging-in-place remodeling

boombox1 -
native1 -

More in Category

native2 -
halfpage1 -