Remodeling Spending Growth to Slow in Most Major Metros in 2019
Annual gains in homeowner spending on improvements are expected to moderate across more than half of the nation’s largest metropolitan areas in 2019, according to new projections released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
While no major metros are projected to see spending levels decline in 2019, the pace of spending by homeowners will slow in 29 of the 49 major metros tracked relative to their estimated 2018 gains. Annual growth in improvement expenditures is projected to fall to the lowest rate in three years in nearly half (22) of these metros.