The Leading Indicator of Remodeling Activity (LIRA) predicts that remodeling and repair spending will grow by $5 billion through the end of Q3 2025 to $477 billion, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling and repair spending in the third quarter fell 3.2% over the same period in 2023; however, the current remodeling lull is expected to improve as home upgrade activity rises, resulting in an increase of 1.2% in spending through the third 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
