Remodeling at Five Year High
According the National Association of Home Builders (NAHB), remodeling hit its highest point in five years during fourth-quarter of 2011. NAHB measures remodeling sentiment with its Remodeling Market Index (RMI), which rose from 41.7 for third quarter to 46.6 in the fourth quarter. The index uses a scale of 1 to 100 to represent the actions and expectations of the[...]