Annual gains in improvement and maintenance expenditures to owner-occupied homes are expected to decline sharply by the middle of next year, according to JCHS’s latest Leading Indicator of Remodeling Activity (LIRA). The LIRA projects year-over-year growth in homeowner remodeling and repair spending to shrink from 16.1% in 2022 to 6.5% by the third quarter of 2023.

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