Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Remodeling Growth Expected to Continue
Apr 17, 2014
 Printable format
 Email this Article
 Search

The solid growth in the United States home remodeling market should continue through most of 2014, according to the latest Leading Indicator of Remodeling Activity (LIRA), with momentum expected to moderate in the fourth quarter.

LIRA data comes from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

The Joint Center expects full-year 2014's home improvement spending to show growth in the high single digits.

Double-digit annual growth in home improvement spending is expected to continue through the third quarter of 2014, after which expected sluggishness in home sales could slow remodeling growth.

“The housing recovery has at least temporarily lost some of its momentum,” said Eric S. Belsky, managing director of the Joint Center. “And as a result, remodeling spending is expected to follow suit and see slower growth beginning later this year.”

“Home improvement spending has already recovered a significant share of its losses from the downturn,” said Kermit Baker, director of the Remodeling Futures Program at the Joint Center. “As spending moves into the next phase, we expect to see recent double-digit growth tail off to its longer-term average in the mid-single-digit range.”

Back to Daily News

 

Daily News

...........................................................

Oct 2, 2014: Canadian HVAC/R wholesaler sales down 0.8% in August

Oct 1, 2014: Whirlpool on Manufacturing Day: on track to exceed $1 billion U.S. investment goal

Oct 1, 2014: Commercial appliance spending and other restaurant capital spending solid in August

Oct 1, 2014: Appliance maker Gorenje is first Slovenian company with a European Works Council

Oct 1, 2014: HVAC/R contractors positive about short-term growth

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows