The Remodeling Futures Program of the Joint Center is a comprehensive study of the factors influencing the growth and changing characteristics of housing renovation and repair activity in the United States. The program seeks to produce a better understanding of the home improvement industry and its relationship to the broader residential construction industry.
The program also releases the Leading Indicator of Remodeling Activity (LIRA). The LIRA is designed to estimate national homeowner spending on improvements for the current quarter and subsequent three quarters. The indicator, measured as an annual rate-of-change of its components, provides a short-term outlook of homeowner remodeling activity and is intended to help identify future turning points in the business cycle of the home improvement industry.
Please visit the Publications page to read reports, working papers, and research notes from the Remodeling Futures Program.