Remodeling Activity Goes Down

Remodeling contractors are going to face some difficulties. Remodeling market will trend down to the first part of 2010 according to the LIRA.

Remodeling market will trend down to the first part of 2010. So, remodeling contractors are going to face some difficulties.

The Joint Center for Housing Studies of Harvard University and the Remodeling Futures Program have released the Loading Indicator of Remodeling Activity (LIRA).

According to the LIRA homeowners are going to spend less and less money on house improvements and remodeling.

Remodeling activity isn’t going up until the home market starts to improve.

The LIRA is used to estimate national homeowner spending on house improvements. It’s released by the Remodeling Futures Program at Harvard University in the third week after each quarter. Next time the indicator will be released on October, 15 2009.

November 08, 2009