Press Releases

Slight Gains in 2023 Outlook for Residential Remodeling

After several years of double-digit gains, expenditures for improvements and repairs to the owner-occupied housing stock are expected to grow only modestly in 2023, according to our latest Leading Indicator of Remodeling Activity (LIRA).

Residential Remodeling in Top Metros to Accelerate in 2022

Projections for 2022 show a robust average annual growth in home improvement spending of 13.8 percent across all 48 major metropolitan areas tracked, with owner expenditures expected to grow between 7.6 percent and 23.0 percent.