If you've seen crowds at Home Depot and Lowe's and your contractor seems to be backed up for months, you aren't alone. Home renovation activity has been on an upward trend along with home values in recent years. The latest update from the Leading Indicator of Remodeling Activity report compiled by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University forecasts growth in home renovation could be up 8.6% year over year by the second quarter of next year.
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