Strong gains in home renovation and repair spending are expected to continue into next year before tapering, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. 

The LIRA projects that annual growth in home improvement and repair expenditures will continue to increase, surpassing 80 percent by the second quarter of 2017 before moderating somewhat later in the year. The home improvement and repair expenditures generally correlate with spending on security products and services, including connected home products.