The remodeling boom that surged during the COVID-19 pandemic is tapering off, but activity remains strong, as reported by realtor.com. According to the latest Leading Indicator of Remodeling Activity (LIRA) report from Harvard’s Joint Center for Housing Studies, spending is projected to increase slightly by 1.2% to $477 billion by Q3 2025. While the study notes that the explosive growth of 10-15% seen during the pandemic has slowed, spending levels remain significantly higher than pre-pandemic years, driven by homeowners catching up on deferred projects and making use of low-interest rates.
America’s Renovation Boom Is Leveling Off—but Still Going Strong
