DES PLAINES, IL—The first-quarter Remodeling Business Pulse (RBP) data, collected by the National Association of the Remodeling Industry (NARI), reports that quarter-over-quarter increases are being seen across all sub-components measuring remodeling industry. The overall current business conditions have seen steady increases since March of 2012, reaching a statistically significant 5.97 rating.
Growth indicators seen in the first quarter of 2013 have included sharp increases in the number of inquires and requests for bids, which speak to an increase in consumer confidence. Also, 76 percent of remodelers believe there will be growth in the next three months, compared to two-thirds of remodelers forecasting growth in December 2012. Other growth indicators reported in the RBP include:
- Current business conditions up 1.0 percent since last quarter
- The number of inquiries up 4.9 percent since last quarter
- Requests for bids up 5.2 percent since last quarter
- Conversion of bids to jobs up 1.1 percent since last quarter
- Value of jobs sold is up 0.2 percent since last quarter
More information about NARI’s first-quarter RBP data or about the organization itself can be found here.