To lead off National Home Remodeling Month in May, we report results from NAHB’s quarterly Remodeling Market Index (RMI) survey on the most common type of jobs performed by NAHB Remodelers in 2014.
The results show that kitchen and bathroom remodeling remain the two most common types of projects, as they have been consistently since NAHB started asking the question in 2001. Through 2009 kitchens were was slightly more common than bathroom remodels, but this tendency flipped in 2010, and in 2014 bathroom remodeling finished first again, but only by the narrowest of margins. Bathroom remodeling was cited as one of the most common remodeling projects In 2014 by 78 percent of NAHB Remodelers, compared to 77 percent for kitchen remodels.
Other types of projects trail kitchens and baths by a wide margin, but window and door replacements, whole house remodeling, room additions and repairing property damage were each cited as a common project in 2014 by at least 30 percent of remodelers.
Whole house remodeling continues to recover from its low point during the depths of the housing downturn. Prior to 2010, whole house remodeling was a common project for over 40 percent of remodelers, but the share fell to 21 percent in 2010, before posting solid gains in the next three surveys and coming in above 40 percent once again in 2014.
View this original post on NAHB’s blog, Eye on Housing.
