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Big-ticket remodeling's growth pace will keep slowing

from Remodeling

The growth rate in spending on larger remodeling projects is continuing to slow, with total spending expected to rise by only 3.1 percent in the 12 months ending next June, the Joint Center for Housing Studies of Harvard University forecast. Its Leading Indicator of Remodeling Activity — aka LIRA — calls for spending on home improvement projects to total $136.7 billion over the next four quarters. more

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