NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Labor Costs Drive Home Remodeling Prices Higher Than Inflation in Q2

Labor Costs Drive Home Remodeling Prices Higher Than Inflation in Q2

Prices for home remodeling outpaced inflation in the second quarter due to labor costs
Up next
Altmyer and Illini continue to be proven in one-score games
Altmyer and the Illini Persist in Tight One-Score Encounters
Published on 30 September 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


LOS ANGELES – If it seems like its getting more expensive to replace a broken door, kitchen fixtures or upgrade a major appliance, you’re not wrong.

The cost of home repair and remodeling projects is up compared to a year ago and running ahead of inflation overall, according to a report from data analytics company Verisk.

The firm’s latest Repair and Remodeling Index jumped 3.4% in the April-June quarter compared to the same period last year. That’s a bigger annual increase than the 2.7% rise in inflation in the same period, as measured by the Consumer Price index.

The index, which tracks costs for more than 10,000 home improvement products, including appliances, doors, plumbing and windows, showed a roughly 0.6% increase from the January-March quarter.

“While costs did continue to rise, they rose at a slower rate than in the first quarter,,” said Greg Pyne, vice president of Pricing at Verisk Property Estimating Solutions.

Much of the increase in home repair and remodeling costs appears to be driven primarily by higher labor costs for repair and remodeling work, Verisk noted.

The second-quarter jump in costs for home improvement products coincided with the Trump administration’s broad rollout of tariffs on imported goods from many of the nation’s major trading partners. But the tariffs didn’t have the expected impact given they were postponed several times and didn’t fully take effect until early August, midway through the third quarter.

However, homeowners looking to replace cabinetry could soon see prices increase sharply, following a new volley of tariffs announced by President Donald Trump last week that includes a 50% import tax on kitchen cabinets and bathroom vanities due to kick in on Wednesday.

The most labor-intensive types of home repair or remodeling work registered the biggest quarterly increases in labor costs. For example, the cost of replacing tile flooring rose 1.2%, while the cost of remodeling a primary bath or replacing vinyl siding each rose 1% in the April-June period from the previous quarter.

Nearly all of the 31 categories of repair and remodeling work tracked by Verisk saw costs increase at least slightly.

The latest index puts costs for repair and remodeling at almost 62% higher than they were 10 years ago and more than 73% higher than the first quarter of 2013, when the index debuted.

After declining the past two years, homeowner spending on maintenance and home improvement projects increased in the first half of this year, according to researchers at Harvard University.

The university’s Joint Center for Housing Studies’ most recent leading indicator of remodeling activity, or LIRA, estimates spending hit $510 billion in the second quarter, a 1.8% increase from a year earlier. However, the researchers project that growth in spending on home improvement and maintenance will slow in 2026, citing weakness in the housing market and slower construction of new homes.

The housing market has been in a slump since 2022, when mortgage rates began climbing from historic lows. Sales of previously occupied U.S. homes sank last year to their lowest level in nearly 30 years. And, so far this year, sales are running below where they were at this time in 2024.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
Tensions flare in Minnesota as protesters and federal agents repeatedly square off
  • Local News

Unrest in Minnesota: A Heated Showdown Between Protesters and Federal Agents

MINNEAPOLIS – Minnesota remained on edge Tuesday following several days of protests…
  • NewsFinale Journal
  • January 13, 2026
‘Sinners’ leads movie nominations for NAACP Image Awards
  • Local News

Sinners Dominates NAACP Image Awards Nominations

Ryan Coogler’s gripping supernatural thriller, “Sinners,” has emerged as a frontrunner in…
  • NewsFinale Journal
  • January 12, 2026
Russia launches another major attack on Ukraine's power grid, killing 4
  • Local News

Russia’s Escalating Assault: Devastating Attack on Ukraine’s Power Grid Claims 4 Lives

KYIV – In a significant escalation, Russia unleashed another extensive drone and…
  • NewsFinale Journal
  • January 13, 2026
London’s homicide rate is at a record low as mayor says it disproves Trump's 'dystopian' claims
  • Local News

London’s Record-Low Homicide Rate Challenges Trump’s ‘Dystopian’ Narrative: A Triumph for Mayor’s Safety Strategies

LONDON – London experienced a significant decline in its murder rate in…
  • NewsFinale Journal
  • January 12, 2026
Pentagon is embracing Musk's Grok AI chatbot as it draws global outcry
  • Local News

Pentagon Leverages Musk’s Controversial Grok AI Amidst Worldwide Debate

In a significant move for technological integration, Defense Secretary Pete Hegseth announced…
  • NewsFinale Journal
  • January 13, 2026
Meta names former Trump adviser Dina Powell McCormick as president and vice chairman
  • Local News

Meta Appoints Ex-Trump Adviser Dina Powell McCormick as New President and Vice Chairman

NEW YORK – Meta, the parent company of Facebook, has appointed Dina…
  • NewsFinale Journal
  • January 12, 2026
Adelaide Writers Week canceled as 180 speakers withdraw after the exclusion of a Palestinian writer
  • Local News

Adelaide Writers Week Called Off After 180 Speakers Withdraw Over Palestinian Writer Exclusion

WELLINGTON – Australia’s premier, complimentary literary showcase was called off on Tuesday…
  • NewsFinale Journal
  • January 13, 2026
Former Apple Daily staff plead for lighter sentences in landmark Hong Kong national security case
  • Local News

Former Apple Daily Journalists Seek Leniency in Pivotal Hong Kong National Security Trial

HONG KONG – In a pivotal legal proceeding that has captured international…
  • NewsFinale Journal
  • January 13, 2026
Kathie Lee Gifford reacts to Sheinelle Jones crying on the first episode of 'Today With Jenna & Sheinelle': "You're a pretty crier… Let's drink"
  • Entertainment

Kathie Lee Gifford Shares Lighthearted Response to Sheinelle Jones’ Emotional Moment on New ‘Today With Jenna & Sheinelle’ Show

The Monday morning edition of Today With Jenna & Sheinelle began with…
  • NewsFinale Journal
  • January 13, 2026
Lebanon ex-central bank chief's corruption case being sent to top court, officials say
  • Local News

Lebanon’s Ex-Central Bank Governor Faces Top Court in High-Profile Corruption Case

BEIRUT – In a significant development, Lebanon’s top judicial body has taken…
  • NewsFinale Journal
  • January 13, 2026
Suzanne Lee Milgate was found guilty in December after being filmed hitting then-chief minister Natasha Fyles with the thin pastry.
  • AU

Viral Crepe Incident: Woman Receives Sentence for Targeting Chief Minister

A woman who made headlines for throwing a cream crepe at a…
  • NewsFinale Journal
  • January 13, 2026
Iran is now slaughtering civilians who aren't involved in anti-regime protests, witnesses warn -- as death toll surges into the thousands
  • US

Iran Escalates Civilian Deaths Amidst Rising Tensions: Witnesses Report Surge in Non-Protester Casualties

The Iranian regime, notorious for its brutality, is reportedly targeting civilians…
  • NewsFinale Journal
  • January 13, 2026
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate