Metro remodeling spending to increase
Remodeling activity is expected to demonstrate solid growth in 50 major metropolitan areas for the remainder of 2018, according to a new report from the Remodeling Futures Program at the Harvard Joint Center for Housing Studies (JCHS).
The JCHS is projecting a spending increase of at least 5% in 41 of the 50 markets. Annual spending is expected to grow by 10% or better in 11 markets, including Kansas City, Charlotte, San Antonio, Dallas, and Sacramento.
The projections are in congruence with national pojections from the Remodeling Futures’ quarterly Leading Indicator of Remodeling Activity (LIRA).
LIRA predicts that national spending on remodeling will increase by more than 7% in 2018. Metro projections indicate that a national increase in spending will be broad-based as opposed to being concentrated in one region of the country,
The center plans to announce projections for 2019 remodeling spending early next year.
The JCHS is projecting a spending increase of at least 5% in 41 of the 50 markets. Annual spending is expected to grow by 10% or better in 11 markets, including Kansas City, Charlotte, San Antonio, Dallas, and Sacramento.
The projections are in congruence with national pojections from the Remodeling Futures’ quarterly Leading Indicator of Remodeling Activity (LIRA).
LIRA predicts that national spending on remodeling will increase by more than 7% in 2018. Metro projections indicate that a national increase in spending will be broad-based as opposed to being concentrated in one region of the country,
The center plans to announce projections for 2019 remodeling spending early next year.