Harvard Study: Remodel Activity to Pick Up by Year’s End

The healthy gains in residential remodeling activity estimated for 2014 and the first part of this year are expected to decelerate, but then gain a little more traction by the end of the year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies (JCHS) of Harvard University.

The LIRA report predicts remodeling activity for 2015 will increase 2.9% over 2014, with total homeowner improvements estimated at $147.4 billion.