Remodeling Market Sentiment Down in the First Quarter
NAHB released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter, posting a reading of 63, down five points compared to the previous quarter. While the reading of 63 is still in positive territory, this is only the second time since the first quarter of 2020 that the RMI has been as low as 63.
