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LIRA Shows Continued Decline in Spending

The third-quarter release of the Leading Indicator of Remodeling Activity (LIRA) predicts that homeowner improvement spending will decline at an annual rate of 12% by the second quarter of 2009.

 

Economic Outlook

  • Pricing Adjustment

    This Q&A with Big50 remodelers asks how the economy affects their pricing and bidding.

     
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    SecondLook: Steven Whitlock

    This long-lived remodeling firm mixes custom home building, remodeling, and excellent customer service to keep the company going.

     
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    Fair Trades

    In the tighter economy, remodelers are asking trade contractors to shave costs. The key is to communicate why — and what's in it for them.

     
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Delivering the Good News

Successful strategies for creating positive news that gives homeowners the confidence to remodel.


 

LIRA

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    LIRA Re-Benchmarking

    In re-benchmarking the LIRA (Leading Indicator of Remodeling Activity), the Joint Center for House Studies at Harvard University now...

     
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    Refigured LIRA Predicts Further Decline

    The second-quarter 2008 release of the Leading Indicator of Remodeling Activity points to an accelerated downturn in home improvement...

     
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    Recovery on Hold Until 2009

    The latest release of the Leading Indicator for Remodeling Activity has even the most optimistic industry observers down on the market's...

     

RMI

  • RMI Reaches Historic Lows

    The Remodeling Market Index (RMI) dropped sharply in the third quarter of 2008, reflecting widespread pessimism -- and scattered pockets of...

     
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    RMI: Drop in Activity, Expectations

    Remodeling activity fell sharply in the fourth quarter of 2007, according to the National Association of Home Builders (NAHB), and the...

     
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    One Small Step in the Right Direction

    The Remodeling Market Index (RMI) brought something unfamiliar to the industry in 2007: good news. The current conditions portion of the...