U.S. Remodeling Spending to Decline in 2019
U.S. remodeling and repair activity is predicted to slow considerably by the end of 2019, 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 increases in spending for renovation and repair will drop to 5.1% in 2019, down from 7.5% in 2018.
The LIRA, published quarterly, is a comprehensive study of the factors influencing the growth and changing characteristics of U.S. housing renovation and repair activity. See Harvard University’s Joint Center for Housing Studies