U.S. Remodeling to Slow Through Q1 2018
U.S. remodeling and repair activity is predicted to slow into 2018, according to the Leading Indicator of Remodeling Activity (LIRA) published by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects that annual spending for home improvement and repair in 2017 will dip to 7.3% in the first quarter and slide to 6.1% in early 2018.
The LIRA, published quarterly, is a comprehensive study of the factors influencing the growth and changing characteristics of US housing renovation and repair activity. See Harvard University’s Joint Center for Housing Studies