As remodelers and builders gather in Las Vegas for the International Builders Show, the Remodeling Market Index hit 55 in the fourth quarter of 2012, up five points from the prior quarter.

The Remodeling Market Index reached 55 in the fourth quarter of 2012, increasing five points from the previous quarter it was the highest reading since the first quarter 2004, according to the NAHB.

WASHINGTON, DC - The decline in remodeling activity may be reaching an end, according to the latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI). Current market conditions jumped to 47.0 from 36.4 in the fourth quarter of 2009. Future indicators of remodeling business leapt to 48.9 from 31.4 in the last quarter. A new unified measure incorporating both current and future conditions, called the RMI Index, rose to 47.9 from 33.9 in the previous quarter.