U.S. Home-Improvement Spending Forecast to Stay Near $525 Billion Through Q3 2027
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U.S. home-improvement spending is forecast to stay near $525 billion annually through the third quarter of 2027, even as remodeling firms report stronger expectations for near-term work. The Leading Indicator of Remodeling Activity (LIRA) covers repairs and improvements to owner-occupied homes. Its forecast uses nominal dollars, without adjusting for inflation, and projects year-over-year growth of 1.5% in the third quarter of 2027. Rachel Bogardus Drew, director of the Remodeling Futures Program at the Center, said, “We expect annual spending to hover around $525 billion through the third quarter of next year.” The National Association of Home Builders (NAHB) Remodeling Market…
Source: TokenPost
