WASHINGTON, D.C. – October 28, 2010 – (RealEstateRama) — The latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) remained essentially unchanged at 40.8 in the third quarter, compared to 40.7 in the second quarter. An RMI below 50 indicates that more remodelers report that market activity is declining than report that it is increasing; so, on balance, it was the sentiment of remodelers that the market was still declining in the third quarter. The RMI has been running below 50 since the final quarter of 2005.
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