CAMBRIDGE (Joint Center For Housing Studies of Harvard University) – Home improvement is expected to remain volatile into 2012, according to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at Harvard’s Joint Center For Housing Studies.
The LIRA model shows spending on home improvements will be down 4 percent through first quarter 2012.
“The recent slowdown in the economy has caused home improvement spending to weaken again. Falling consumer confidence levels have undermined interest in discretionary remodeling projects,” said Eric Belsky, the center’s managing director.