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Latest RRI shows no slowdown for remodeling market

from Remodeling Magazine

For the 14th consecutive quarter the remodeling market is seeing positive year-over-year growth, according to the latest Residential Remodeling Index released by Hanley Wood company Metrostudy. It was during Q3 2015 that the RRI reached 102.1, a 1.3 percent increase from the previous quarter and a 5.8 percent year-over-year increase. This 5.8 percent increase represents the strongest annual gain since Q4 2013. The RRI also remained over the 100 mark, which it passed in Q2 2015, indicating that the nation's remodeling activity has fully recovered since it bottomed out in late 2011. more

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