Homeowner spending on major remodeling projects is starting to turn a corner and should begin showing year-over-year increases in 2010, Harvard University's Joint Center for Housing Studies says.
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The second-quarter Leading Indicator of Remodeling Activity (LIRA) points to a slowdown in the slowdown. Phones are ringing — but for smaller jobs.
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The April 2009 LIRA report shows that with consumer confidence low and a weak housing market, remodeling activity continues to fall.
The third-quarter release of the Leading Indicator of Remodeling Activity (LIRA) predicts that homeowner improvement spending will decline at an annual rate of 12% by the second quarter of 2009.
In re-benchmarking the LIRA (Leading Indicator of Remodeling Activity), the Joint Center for House Studies at Harvard University now provides smoother estimates of homeowner improvement spending.
The second-quarter 2008 release of the Leading Indicator of Remodeling Activity points to an accelerated downturn in home improvement spending. Harvard’s Joint Center for Housing Studies (JCHS) publishes the leading indicator quarterly, and on July 17 predicted that spending will continue to...
The latest release of the Leading Indicator for Remodeling Activity has even the most optimistic industry observers down on the market's chances to bounce back soon.
The third-quarter 2007 release of the Leading Indicator for Remodeling Activity (LIRA) brings more doom and gloom. The annual rate of consumer spending on remodeling, having fallen each of the past two quarters, is expected to continue to drop for the next four quarters.
The Leading Indicator for Remodeling Activity (LIRA) echoes what many have already predicted: The industry slowdown will continue well into 2008.
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This month, we reported on an exciting new development: The announcement of the Leading Indicator of Remodeling Activity (LIRA). The LIRA predicts growth in the remodeling industry out three quarters.