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Harvard Projects Home Remodel Spending to Slow in 2015

Who's good with numbers and can predict the future? Harvard University's Joint Center for Housing Studies, that's who.

The U.S. Census Bureau shows that the home improvement market is on a upward and downward slope: 5.6% last year, 9.9% this year, and 7% next year.

Apparently, this is resulting from sluggish home sales and an economy that's recovering at a slower rate than expected, according to Chris Herbert, the Joint Center's research director.

The good news? The industry is still growing; just not as fast. Everything in moderation, especially with housing, is a good thing. The ride should be fine, but if you're in the remodeling industry, buckle up, just in case.

· Harvard survey: Remodeling spending to slow heading into 2015 [Boston Business Journal]