Home remodeling project. Home remodeling project. (Source: Shutterstock)

U.S. home owners are expected to spend less on home improvement and repairs over the next year, according to the Leading Indicator for Remodeling Activity devised by Harvard’s Joint Center for Housing Studies.

Annual gains in homeowner expenditures for improvements and repairs are projected to shrink from 6.3% in the current quarter to just 0.4% by the second quarter of 2020.

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