According to Michael J. Berens, After a disappointing first quarter, the remodeling industry bounced back in the second quarter of 2014, with notable month-over-month gains. Current projections indicate that trend will continue into the second half of the year, with the industry as a whole experiencing a substantial year-over-year increase.
Improved weather conditions, employment figures and home sales helped boost remodeling activity in the second quarter. All the major indexes reported increased activity.
The National Association of Home Builders' Remodeling Market Index (RMI) rose three points in the second quarter, to 56 — the fifth consecutive quarter that the RMI has read above 50, indicating positive market activity.