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Home remodeling growth expected to ease

from U.S. Finance Post

By the end of the year, strong growth in the home remodeling market is expected to begin easing, according to the Leading Indicator of Remodeling Activity index released by the Joint Center for Housing Studies of Harvard University. Home remodeling spending is expected to continue stay strong this year, peaking at $159 million during the third quarter, up 14.5 percent from the same time last year. According to the study, spending is predicted to fall to $153 million in the fourth quarter, which will still represent a 9.4 percent increase from the previous year. more

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