LIRA Predicts Growth in Residential Remodel Activity in Q3

Cambridge, MA, October 19, 2017-Accelerating growth in residential improvement and repair expenditures is anticipated through the third quarter of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

The LIRA projects that annual gains in home renovation and repair spending will increase from 6.3% in the fourth quarter of 2017 to 7.7% by the third quarter of next year.