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Remodeling and Replacement Activity Starts 2014 Weaker Than Expected But Forecast Remains Strong
WASHINGTON, D.C. (May 9, 2014) — Following its best year since 2008, the residential remodeling and replacement industry experienced a slightly weaker start to 2014 than originally forecasted according to the latest release of the Residential Remodeling Index (RRI) by Metrostudy, a Hanley Wood company. The seasonally adjusted first quarter national composite of the RRI registered a score of 95.2, which was a 0.7 percent improvement over the revised fourth quarter result of 94.5.
Craig Webb / REMODELING / August 8, 2013
Residential Remodeling Index show 192 markets beating old peaks, 364 markets growing
The fundamentals are in place for this year to be the best one since 2005 for remodeling and replacement activity, with 192 markets nationwide expected by mid-2014 to beat their previous high-water marks, the latest Residential Remodeling Index (RRI) indicates today.
The tool, a compilation of key economic indicators known to spur remodeling work, shows the first half of 2013 was better for remodelers than previously forecast, with the seasonally adjusted national composite rising to 89.1. The RRI forRead More
Metrostudy Releases Q2 2013 Residential Remodeling Index (RRI)—Remodeling and Replacement Activity Up Significantly
Metrostudy / August 8, 2013
WASHINGTON, D.C. (August 8, 2013) — Remodeling and replacement project activity was stronger in the first half of 2013 than previously forecasted, based on the latest release of the Residential Remodeling Index (RRI) by Metrostudy, a Hanley Wood company. The seasonally adjusted second quarter national composite of the RRI registered a score of 89.1, which was a 1.6 percent improvement over the upwardly revised first quarter result of 87.6.
The increase quarter-to-quarter was the sixth solid consecutive increase after the industry experienced declines in 2011 and reached the bottomRead More