Economy: Home Remodeling Growth Decelerates in 2015, Harvard Study Reveals

Analysts attribute the projected deflation to weakening home sales last year.

January 16, 2015
The Leading Indicator of Remodeling Activity indicates slowing growth in 2015

Courtesy of the Joint Center for Housing Studies

Home improvement spending growth will decelerate by 4.7 percentage points between the first and third quarters.
Expect a softening of home improvement spending, says a study from Harvard’s Joint Center for Housing Studies. Using their Leading Indicator of Remodeling Activity (LIRA), analysts project home improvement spending will decelerate from 6.3 percent in the first quarter of 2015 to 1.6 percent in the third.
Read more on JCHS.

Overlay Init