No.
Software Licensing
We are licensing (free; non-commercial use) the HomeOS prototype to encourage teaching, research, and prototyping on connected >homes and devices. Thanks to Sigma Designs(opens in new tab), we also provide an SDK for Z-Wave devices.Many research groups have licensed our prototype, including those at the Georgia Institute of Technology the University of Arkansas, >the University of Michigan, the University of Washington, the University of Wisconsin, and the University of Waterloo.
Go to http://labofthings.codeplex.com/(opens in new tab) for the code and documentation.
Source: https://www.microsoft.com/en-us/research/project/homeos-enabling-smarter-homes-for-everyone/
Edit:
More spefifically it's lincensed under MSR-LA.
The source code uploaded by Microsoft Research to this repository is under LAB OF THINGS LICENSE AGREEMENT (MSR-LA), please see the License section to know the terms.
https://web.archive.org/web/20171222015702/http://labofthings.codeplex.com/