Remodeling and replacement activity nationwide did better than previously expected in the first quarter and remain on a steady upward path over the next three years, Metrostudy, a Hanley Wood company, projected today in its latest Residential Remodeling Index (RRI).

The first quarter’s index of 86.3 is a 1.1% improvement from the revised score of 85.3 in the final three months of 2012. It also marks the fifth straight quarter of improvement since remodeling activity bottomed out in the summer of 2011 at 82.0. Read More