Remodeling spending expected to accelerate moving into 2011

A recovery in home improvement spending will soon be underway according to the Leading Indicator of Remodeling Activity released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Remodeling spending is expected to increase on an annual basis by the end of the year, and the LIRA points to growth accelerating to the double-digit range in the first quarter of 2011, according to a July 15 Harvard University Joint Center for Housing Studies report.

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