DES PLAINES, IL — The National Association of the Remodeling Industry (NARI) reports business conditions during the first three months of 2014 dropped to 6.07, down from 6.41 in December. A decline occurred in all but one of the sub-components that drive the overall current rating. The largest drop was held by conversion of bids and sales value of jobs.

Remodelers Optimistic About 2014On the upside, strength of sales in the three-month period increased to 6.51, from the 6.41 reported during the fourth quarter of 2013, NARI said. NARI's numbers are based on a quarterly survey of members and uses a 1 to 9 rating system, where 1 is much worse than a year ago and 9 is much better; 5 is about the same as last year.

“The harsh winter seemed to have played a role in the decline of our numbers this quarter,” said Tom O’Grady, chairman of NARI’s Strategic Planning Committee.

However, the outlook for business three months out reached a new all-time high of 6.51, from 6.41 in December 2013.

“Postponed home maintenance issues continue to be a large driver for projects,” O’Grady said. “However, homeowners remain slow to make the decision to move ahead with higher-priced projects, which is still the biggest barrier to growth.”

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