Carpe Diem

More good housing news: NAHB Remodeling Index reaches highest level in third quarter since 2005

“The Remodeling Market Index (RMI) climbed to 50 in the third quarter of 2012, up from 45 in the previous quarter, according to the National Association of Home Builders (NAHB). The RMI is at its highest point since the third quarter of 2005, tracking the positive trends recently seen in the rest of the housing sector.”

(Note: An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future activity.)

“The strength of the RMI, especially in owner-occupied properties, shows that home owners are investing in remodels as home prices stabilize,” said NAHB Remodelers Chairman George Moore, a remodeler from Elm Grove, La. “As owners become more confident that investments in housing will hold their value, they are beginning to undertake projects to improve their comfort that they had been putting off.”

3 thoughts on “More good housing news: NAHB Remodeling Index reaches highest level in third quarter since 2005

  1. MO’ BETTER NEWS: ROMNEY +3 IN ACTUAL COLORADO VOTE..

    From the office of Colorado’s Secretary of State:

    As of last Friday and the end of the first full-week of voting in battleground CO, 626,097 ballots were cast (20+% of the registered total) of which 39% were Republican and 36% were Dems. No breakout was provided for the indies who were leaning GOP in the polls.

    By next Friday’s SoS report, it will be unambiguously over in CO–and lots of election day “calls” are made on the basis of a lot less info than the 20+% ballot count provided in last week’s data.

    • Repubs in battleground CO are continuing to outpace Dems in early ballot returns, growing their lead with ballots returned as of this morning.

      Repubs are winning both the mail-in/absentee ballot returns AND early voting.

      According to a Colorado Peak Politics source with access to ballot return numbers (that are very much in line with Friday’s Sec. of State’s ballot report that represented 20+% of registered voters), the figures are as follows:

      Total:

      R: 187,824 (39.7%)

      D: 171,971 (36.3%)

      U: 108,421 (22.9%)

      Mail-In/Absentee Ballots

      R: 172,461

      D: 158,139

      U: 98,532

      Early Voting

      R: 15,363

      D: 13,832

      U: 9,889

      The latest Denver Post poll of Colorado has Romney winning Unaffiliateds 43/39. Polls also reveal that Romney is ahead in the party/crossover (Dem to Repub and Repub to Dem) vote.

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