Remodeling homes strong in 2004
According to the National Association of Realtors (NAHB), remodeling remains strong based on the third quarter of 2004. This is attributed to low interest rates and good consumer confidence.
The NAHB's Remodeling Market Index (RMI) also gives an indication by region:
"...the Southern part of the country remained virtually the same in current activity...the Western section posted the highest growth in both current and future expectations...the Midwest posted a mixed bag as it showed a minor slow down in current activity ... and a minor rebound in future expectations...the Northeast saw the biggest fall..."
To read more about this, go here.