WASHINGTON — With a steady third quarter, the remodeling market has remained strong in 1996, according to results of a survey by the National Association of Home Builders, Builders Economic Council.
NAHB polls 400 builders about market conditions across the country. Results of the survey are compiled into the trade group's housing market index, used to predict construction trends. Remodeling is a big market for plastics, especially vinyl siding, windows and doors.
According to Washington-based NAHB, an average score for the five components of the survey is 50, where anything more than 50 is considered ``good.'' Based on results of the September survey, the index stands at 72 for major remodeling projects and 77 for minor jobs. The forecast for the next six months shows a slight decline.
NAHB began collecting the remodeling data in October 1995.
This year, the NAHB Remodelers' Show will be Nov. 15-17 in Indianapolis. At the show, the group will release a new book, Residential Construction Performance Guidelines: For Professional Builders and Remodelers.