In last quarter’s Remodeling Market Index (RMI), remodelers across the country were asked to rate the reasons why customers want to remodel on a scale of 1=Never/Almost Never to 5=Very Often. The reason that received the highest average rating was ‘Desire for better/newer amenities’ (4.3), followed by ‘Need to repair/replace old components’ (4.2), and ‘Desire/need for more space’ (3.8) (Exhibit 1).
Read more at NAHB Eye On Housing