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Remodeling Growth Likely to Slow Into Early 2015, JCHS Predicts
Remodeling/ July 24, 2014
The growth rate for pro-worthy remodeling projects will slow going into 2015′s first quarter, but overall spending for the 12 months ending next spring still will mark a 7% gain, the Joint Center for Housing Studies (JCHS) of Harvard University forecast today.
The center’s Leading Indicator of Remodeling Activity (LIRA), predicts spending during the four quarters through 1Q15 will total $143.5 billion. That’s a few billion dollars below the two previous rolling four-quarter totals.