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Remodeling Business Pulse shows jump in current market indicators

from National Association of the Remodeling Industry

All current remodeling market indicators showed an increase in the second-quarter 2014 Remodeling Business Pulse survey. However, the three-month outlook for business declined for the first time since September 2013, dropping to 6.32 from the previous high last quarter of 6.51.

“As the industry slowly recovers from the 2008 downturn and comparisons are being made to healthier year-ago periods, we mays see these ratings soften some,” says Tom O’Grady, CR, CKBR, chairman.

From the comments section, the negative outlook can be tied to two common themes: pricing and the lack of skilled labor.

Pricing continues to be an issue, with an underground economy of contractors cutting corners and underpricing those who are following the rules. In addition, the difficulty in finding skilled labor seems to be holding companies back from taking on more work.

NARI’s Remodeling Business Pulse survey is sent to a panel of 700+ remodeling contractor members. If you’re interested in joining the panel, email marketing@nari.org.

To see the full Remodeling Business Pulse report, visit NARI's website. more


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