After a mild pullback over the previous year, spending for improvements and repairs on owner-occupied homes is set to expand once again by the middle of next year, according to our latest Leading Indicator of Remodeling Activity (LIRA). The LIRA projects that annual expenditures for home renovation and maintenance will grow by 1.2 percent through the third quarter of 2025.
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A Turn to Growth Expected for Residential Remodeling
