The Leading Indicator of Remodeling Activity (LIRA) from Harvard's Joint Center for Housing Studies projects U.S. remodeling and repair spending to stay relatively flat through late 2027, with growth of just 1.5% year-over-year by the third quarter. High interest rates, high home prices and weak consumer sentiment have put housing in a deep freeze, although homeowners who cannot or do not want to sell tend to renovate instead. Rachel Bogardus Drew, director of the remodeling futures program, said annual spending could hover around $525 billion through the third quarter of next year. Housing starts for September, building permits and pending home sales all came in well below expectations, and Chris Herbert said these headwinds could slow remodeling growth further. Separate NAHB and Houzz surveys were more upbeat, with remodeler sentiment stable and construction pros' outlook at its highest since early 2022, but high material, labor and fuel costs remain pressures.
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| Market | US stocks |
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| Close on 10/26/2026 | 765.22 |
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