Posted To: MND NewsWire
The Harvard Joint Center for Housing Studies is predicting strong gains in remodeling and home improvement activity over the rest of 2012 and the first half of next year. The Center?s Leading Indicator of Remodeling Activity (LIRA) suggests that the seeds of a recovery in the remodeling industry have been planted and there could be double digit growth in home improvement spending over the next eight months. LIRA is designed to estimate home improvement spending for the current quarter and the following three quarters using the Department of Commerce?s Value of Construction Put in Place s series or C-30 to project the value of residential improvements. This annual or moving four-quarter rate of change compares total spending in any given four-quarter period to the total spending that occurred?(read more)
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Source: http://www.coestervms.com/blog/mortgage-news-daily/harvard-remodeling-boom-seen-into-2013/
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