Posts Tagged ‘ Leading Indicator of Remodeling Activity (LIRA) ’

Amid High Rates and Softer Housing, Industry Execs Show Confidence

Aug 28th, 2023

Chief executives for four leading door, window and hardware companies remain optimistic about demand for their companies’ products, despite what some describe as a “weak” housing market and sentiments about a possible economic slowdown. New home starts increased in July after declining in June, despite increases to interest rates that brought mortgage rates near a […]

Home Remodeling Projected to Decline in 2024

May 3rd, 2023

Homeowners have been making improvements to their dwellings on a steady basis for nearly a decade, with those efforts expanding over the past few years with COVID-19. However, according to the newly released Leading Indicator of Remodeling Activity (LIRA) from the Remodeling Futures Program at Harvard’s Joint Center for Housing Studies, that trend could come […]

LIRA Projects Remodeling Slowdown in 2023 While Remaining Above Historical Average

Jul 21st, 2022

Slowing home sales, rising interest rates and home price appreciation moderation will see a slowdown of homeowner remodeling activity through mid-2023. While growth will soften, annual remodeling expenditures are still projected to expand to approximately $450 billion, according to the recently-released Leading Indicator of Remodeling Activity (LIRA). The Leading Indicator of Remodeling Activity comes courtesy […]

Demand Could Increase for Remainder of Year

Jul 26th, 2021

With some door and window dealers reporting a modest slowdown amid summer months and vacations, one indicator of demand for remodeling indicates that the remainder of the year could bring steep increases. The same report suggests that sales will remain on an upswing through the middle of next year. The latest edition of the Leading […]

As Home Prices Rise Owners Also Set to Spend More on Improvements

Apr 20th, 2021

After the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed a slight dip in builder confidence in March, data from the U.S. Census Bureau shows a rise in building permits issued for the same month, along with a sharp year-over-year increase. In March, officials for NAHB pointed to material costs and […]