Remodeling activity is expected to gain steam over the next 12 months as more and more owners regain some—or perhaps all—of the equity they lost in their homes during the recession.

The latest forecast from the Remodeling Futures Program at Harvard University's Joint Center for Housing Studies is that spending on new roofs, kitchen updates and other projects will accelerate at the year progresses. And that, in turn, means an increase in home improvement lending.

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