The Leading Indicator of Remodeling Activity (LIRA) predicts that remodeling and repair spending will grow by $6 billion through the end of Q4 2025 to $509 billion, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling and repair spending in the fourth quarter 2024 fell 1.4% over the same period in 2023. The remodeling lull is expected to improve as home upgrade activity rises, resulting in a 1.2% increase in spending through the fourth quarter of 2025.
The LIRA, published quarterly, is a short-term outlook of U.S. home improvement and repair spending of owner-occupied homes. The report is designed to project an annual rate of change in expenditures for the current and subsequent four quarters. See Harvard’s Joint Center for Housing Studies