The nation's home and rental property owners continued to upgrade their properties at a healthy clip in the second quarter, with no letup from the first quarter's pace, according to the National Association of Home Builders' Remodeling Market Index, released last week.
The index also found that remodelers in some markets are reining in their expectations.
The index has two related parts, one that measures current market conditions and another that measures future market expectations.
The index for current conditions in the remodeling market held steady at 52.7 for a second consecutive quarter. It has risen seven points from a slowdown in residential remodeling last fall and is within three points of its solid 55 reading during last year's first half.