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Study: Home-improvement spending to reach peak this quarter



 

Study: Home-improvement spending to reach peak this quarter

Study: Home-improvement spending to reach peak this quarter
News from Lowell Sun:

The Joint Center for Housing Studies at Harvard University sees year-over-year growth in remodeling

Sun staff photos can be ordered by visiting our SmugMug site.

CAMBRIDGE — National spending for home improvement is expected to reach its near-term peak in the current quarter, as the housing market’s recover continues to slow, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

“Stronger gains in remodeling activity are unlikely given the recent slowdowns we’ve seen in housing starts, sales, and house price gains,” said Chris Herbert, acting managing director of the Joint Center, in a statement.

He added that while continued recovery in employment should “ultimately keep the market on an upward trajectory,” remodeling is likely to see slower…………… continues on Lowell Sun

… Read the full article
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Courtesy of HGTV

Published: Thursday, October 16, 2014 at 5:30 a.m.
Last Modified: Wednesday, October 15, 2014 at 1:47 p.m.

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