2023 Outlook for Remodeling Cools

Higher home prices, recession fears and the near-death of the refinance market are likely to spell a significant slowdown in homeowners’ remodeling spending this year, researchers say.

Growth In Remodeling Spending Projected To Peak In 2017

Strong gains in nationwide home renovation and repair spending are expected to continue into next year before tapering, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.