Remodeling likely to decline

expected as The half annual in many to fall spending gain major by as in homeimprovement much real is estate according markets to the this Joint year, Center for Housing Studies of Harvard University. Annual gains in homeowner expenditures for improvements and repairs across the nation are expected to shrink to 0.4% by the second quarter of 2020, compared with 6.3% now. Based on fresh data, the center recently cut by more than half its projections for annual growth in remodeling spending in 2016 and 2017, now estimated at 5.4%.