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Growth in US home remodeling expenditure set to slow in 2019: Study

from Reuters

Growth in U.S. home remodeling expenditure is expected to slow in 2019 due to low inventory of existing homes, a report by the Joint Center for Housing Studies of Harvard University showed recently. Homeowners are expected to spend about $339.0 billion on remodeling in the first quarter of 2019, or a 6.9 percent increase from a year earlier, and $346.8 billion on remodeling in the second quarter of 2019, or a 7.0 percent increase from the year before, according to the center. more

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