Private residential construction spending increased by 0.8% in August, primarily driven by more spending on multifamily construction and home remodeling, according to the National Association of Home Builders (NAHB). Total residential spending was down 2% year over year as the …
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Remodeling Spending Expected to Soften in 2026
Annual spending for home remodeling is expected to soften in 2026, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. “Weakness in the current …
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