house home improvement

After several years of solid acceleration, annual growth in the national home improvement and repair spending sector of the economy is expected to soften in 2019, according to the Harvard University Joint Center for Housing Studies.

The center’s ongoing Leading Indicator of Remodeling Activity study suggests that year-over-year increases in residential remodeling expenditures will reach a decade high of 7.7% this year and then start to drift downward to 6.6% through the third quarter of 2019.

“Rising mortgage interest rates and flat…