An increase in existing home sales and higher demand for remodeling projects contributed to the positive report.

Confidence in the remodeling market rebounded in the second quarter of 2013 with the Remodeling Market Index (RMI) rising six points to 55, according to the National Association of Home Builders (NAHB).

Remodelers' confidence in the market dipped in the first quarter of 2013 when the Remodeling Market Index (RMI) fell six points to 49, according to the National Association of Home Builders (NAHB).

The Remodeling Market Index (RMI) recently released report announces record breaking news that the RMI jumped to 50 in the third quarter of 2012. With levels unseen since 2005, the index is up five full points and projected to be even better in 2013. Destiny Homes, a Minneapolis based luxury home builder and remodeler, comments on the report and is in agreement with housing economist's forecasts for positive increases ahead.

A home remodeling index climbed 5 points in the third quarter, indicating a rise in homeowner plans to remodel, reaching its highest point since 2005.

The Remodeling Market Index (RMI) climbed to 50 in the third quarter of 2012, up from 45 in the previous quarter, according to the National Association of Home Builders.

The second quarter results of the Remodeling Market Index (RMI) slipped under pressure from a softening labor market, according to the National Association of Home Builders (NAHB), dropping two points to 45. The downward adjustment comes after the RMI reached 48 twice in 2011, the highest reading since 2006.

Remodeling sentiment rose to the highest level in five years, according to the National Association of Home Builders' Remodeling Market Index for the fourth quarter of 2011. Released today, the RMI increased to 46.6 in the fourth quarter from 41.7 in the third quarter.

The remodeling market slipped under pressure from a sluggish economy according to the National Association of Home Builders' Remodeling Market Index, which dipped during the second quarter to 43.9 from the first quarter result of 46.5.

WASHINGTON -- The remodeling market slid backward during the second quarter, according to the latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI).