The Leading Indicator of Remodeling Activity (LIRA) predicts that declines in remodeling and repair spending will slow by the end of Q2 2025, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling and repair spending in the second quarter fell 3.0% over the same period in 2023. The current remodeling lull is expected to improve as home upgrade activity increases, resulting in a decrease of only 0.5% in spending through the second 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
