CAMBRIDGE, Ma. – Strong gains in home renovation and repair spending are expected to continue into next year before tapering, 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 growth in home improvement and repair expenditures will continue to increase, surpassing eight percent by the second quarter of 2017 before moderating somewhat later in the year.

The LIRA projects annual spending growth for home improvements will accelerate to 4.0% by the first quarter of 2016, according to the Remodeling Futures Program at the Joint Center for Housing of Harvard University.

The healthy gains in residential remodeling activity estimated for 2014 and the first part of 2015 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 today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

As the broader housing market continues its sluggish recovery, growth in home improvement spending is also expected to soften throughout the coming year, according to the Leading Indicator of Remodeling Activity (LIRA) released today

Growth in home improvement spending is expected to lighten in 2015, according to Harvard's Leading Indicator of Remodeling Activity (LIRA). Years of reduced home construction is a factor.

"America’s Rental Housing: Evolving Markets and Needs," a new Harvard study, finds that half of U.S. renters pay more than 30 percent or more of their income on rent, up 12 percentage points.

The amount of money that homeowners spend on improvement projects is expected to accelerate as 2013 progresses.

All signs point to a strong rebound for home improvement activity in 2013, according to the Leading Indicator of Remodeling Activity released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

A sluggish economy and housing market will continue to hamper home improvement spending well into next year, 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.