b'Affiliate NewsIndustry News Continued from page 12Continued from page 14 l._,Remodeling lrket$25,000),andformaintenanceFor technicalinformation con flatten outthe first q before inuarter Index Falls In Wake Ofand repairs.tactKarenButlerat202/564- bouncing back in the second." Terrorist AttacksT future expectations index is971 or at butler.karen@epa.govConsidering thathousingand he7, As anticipated,theSeptemberderived from questions that ask for(Source: U.S. Newswire)relatedindustriesandactivities terrorist attacks took aon thethe volume of "calls for bids," theimpact close to 20 percent of tollGDP, business outlook for remodelers,amount of work committed for theHousingAnEconomicthe residential sector has a h e ugaccording to preliminary results ofnextthreemonths,thecurrentBright Spot In 3rdpotentialtostimulatelocal the National Association of H eba ofremodelingjobs andQuarter 2001economies, Smith observed. "The om cklog Builders\'RemodelingMarketthe number of proposals for futureWhile theeconomyfellintoaveragebuyer spends $6,500 on Index (RMI). T quarterly RMI forwork. Any index over 50 indicatesnegativegrowthterritoryinthehousing-relatedfurnishings and he current market conditionsfellbythat more remodelers view marketthird quarter, housing productionequipment during the first year of eight points in the third quarter toc ons as favorable than unfa heldown, according to govern hom rship. That\'s aemenonditi itseowne tra 47Future expectations forvorable.ment figures released Oct. 31.dous ripple effect inof jobs rating.terms remodelingscoredanevenAll three components ofcur Gross Domestic P (GDP)andde forservicesand theroductmand sharperdecline,dropping12rentremodelingmarketindexdeclined0.4percentwhileresi products." points to aing of 46.dropped significantlythedentialfixed investment posted a rat between "The third quarter reading of theseconda thirdquarters.Thepositive growth rate of 1.9 percent,Oklahoma Yoters nd remodeling market indices repre largestdeclinewasreportedforthe Bureau of E AnalysisApprove Right-To-Work conomic sents an immediate reaction to themajoradditionsandalt reported. That\'s down from hous Amendment erations, ich fellpointsrating.in September 11th attack on Amer wh 1 Oto a 43ing\'s 8.5 percent growth ratetheInSeptember,Oklahoma votica,"saidBruceSmith,NAHBT future expectations in firstquarterand5.9percenters passed the right-to-work law, hedex president and afromshowed across-the-board declinesgrowth rate in the second q r,making it the 22nd U state homebuilderuarte .S.to WalnutCalif.in all fourits components.but still aadoptsuchalaw.Thelaw\'s Creek,ofMostgood showing. Smith noted that thesurveyindicativeoffaltering consumer"Although production and salesapprovalcomesafteryearsof RMI was mailed toremodelers at theconfidence was apoint drop toare beginning to slow, housing isgrass-roots lobbying by members 14 U beginningofOctoberandthusarating in the component thatstill one of the few bright spots inof thelahoma Freedom to Work 45Okreflectsthefullpsychologicalweighs the number of proposalsthe econ iclandscape,"saidCommittee with the support of the omimpactoftherecentterroristfor future work.BruceSmith,presidentoftheNationalRight to Work Foundaattacks.Nonetheless,SmithTheRMIismode afterNationalAssociationofHometion. led remainedoptimisticthattheNAHB\'sH MarketIndexBuilders(NAH anda homeTheright-to-worklawa ws ousingB}lloremodelingindustry,muchlike(HMI), which isa builder from Walnut Cr Calif.workers to decide whether to join consideredlead eek, homebuilding,willweathertheingindicator ofnewhomecon "In contrast, othermajor sectorsor financially support aion. It unclosely stormandendupinrelativelystruction and ismonitoredhave fallen on hard times, particu makes it illegal for employers to goodshape."Low interest rates,by financial analysts as well as thelarlythemanufacturingsector,force workers to join aion as a untherefinancingboomandthebusinessandtrademedia.T whichhasbeenin recessionallcondition of employment. he build-up of equity in homes overRMI will be produced every quarteryear.""Oklahomans reaffirmed what a thedecade should all work toon a national andregional basisHousing will continue to helpvastmajorityoftheAmerican last helpcushiontheeffectsoftheforeachofthefourCensuscushion the effects of the evolvingpeople already believe - that no recessionfortheremodelingregions.economicdo thanks,inindividualbe forced to pay wnturnshould industry," Smith\'We expectTheindicesreleasedNov.1part,toa strongdemographicunion dues in order to keep his or said. declines in remodeling activity inwere compiled from athatdemandforhousing,recordher job," said theRight surveyNational the fourthBut weNAHB senttoa panelof1,500buildup in home equitytheto WorkFoundation VicePresiquarter of 2001.during are looking for this market to flat remodelers and are based on pre last decade, historically low inter dent Stefan Gleason. tenout inthe beginningof nextIidata.Due tothe disrup est rates on home mortgages andThelaw went into eminaryffect Sept. year and turn upward in the finaltionin ma deliverytocertainthecurrentrefinancingboom,28.Anyunion-employerconil includthree quarters of 2002.""areas of Washington, D.C ,Smith noted.tractsagreeduponbeforethis The c t remodeling marketingNAHB\'sheadquarters,fewerAcknowledgingthat thehous date are legally binding until they urrenindexisbasedonresponsessurveys werethan antici ing production component of GDParerenewedor extended.Violacollected regarding the p tforpated. T the results pre "will take about apercent hit intors of the law will belty of a resen demandherefore,14guimajoradditionsandalterationssentedherearepreliminary andthe fourth q rter of 2001hemisdemeanor. ua ,"said ($25,000ormore), minor addi will be revised.that adbe ureboun shouldndertionsandalterations(lessthanway by early 2002. "Things should'