Remodeling Spending Up

After two sluggish quarters, expenditures on remodeling increased in the second quarter of 2002 to an annual rate of 1.9%, according to the Remodeling Activities Index from the Harvard University Joint Center for Housing Studies.

August 31, 2002

 

After two sluggish quarters, expenditures on remodeling increased in the second quarter of 2002 to an annual rate of 1.9%, according to the Remodeling Activities Index from the Harvard University Joint Center for Housing Studies. During the fourth quarter of 2001, the index slid 7%, and it remained flat in the first quarter of this year.

The RAI considers four factors in the remodeling industry: manufacturers’ shipments of floor and wall tile products; retail sales at building materials and supply stores; sales of existing single-family homes; and the prime loan rate.

About the Author


Overlay Init