According to new data from Harvard University’s Joint Center for Housing Studies, annual spending on home improvements and repairs is expected to slow down until mid-2027. The latest Leading Indicator of Remodeling Activity (LIRA) suggests this will lead to a third straight quarter of decelerating year-over-year growth, with spending projected to be $519 billion through mid-2027. “Growth in remodeling permitting and retail spending on building products has flattened recently, suggesting that renovation activity is cooling,” said Rachel Bogardus Drew, Director of the Remodeling Futures Program at the Center. “Reduced housing…
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