NAHB Debuts New Index for Remodeling Activity, Which Shows Activity Is, of Course, Down with COVID-19
The National Association of Home Builders (NAHB) redesigned its Remodeling Market Index (RMI) in the first quarter of 2020 to ease respondent burden and improve its ability to interpret and track industry trends. The first reading for this new RMI series was 48. “The impact of COVID-19 is visible in the remodeling industry,” said NAHB…