
Remodeling Forecast Says Spending Will Decline This Year
The latest forecast from Harvard University’s Joint Center for Housing predicts that a slump in Americans’ remodeling spending may be in store this year.
The latest forecast from Harvard University’s Joint Center for Housing predicts that a slump in Americans’ remodeling spending may be in store this year.
Expect the growth of homeowners’ spending on remodeling to slow significantly over the next six months, housing researchers say, as economic uncertainty slows and a pandemic-induced sugar high wears off.
According to a survey by the National Association of Home Builders, the pandemic all but shut down remodeling. But with inventory low due to the pandemic, could stuck homeowners start eyeing projects?
Greater Boston residents are expected to continue to decrease their spending on home remodeling during the rest of 2019, according to a new study from Harvard University.
The coming year is expected to see sustained momentum in home remodeling and repair spending, 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.
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.