Forecast: Fewer refinished kitchens

NEW YORK (CNNMoney.com) -- Americans will spend less on home renovations in 2007 than in recent years, according to a report from the Joint Center for Housing Studies at Harvard University.
Weak home prices and flagging consumer confidence are expected to take their toll on renovation activity, which is forecast to decrease for the first time since 2003.

The Joint Center, which has tracked renovations since 1998 in its