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
Local farmers face uncertainty, SNAP funding in limbo
  • Local News

Future of Local Farmers Uncertain as SNAP Funding Hangs in the Balance

SAVANNAH, Ga. — Clark and Sons Farm relies heavily on locals purchasing…
  • NewsFinale Journal
  • November 1, 2025
Two new suspects handed preliminary charges in Louvre jewels heist case, Paris prosecutor says
  • Local News

Paris Prosecutor Reveals New Breakthrough: Two Suspects Charged in Notorious Louvre Jewels Heist

PARIS (AP) — On Saturday, the Paris prosecutor announced that preliminary charges…
  • NewsFinale Journal
  • November 1, 2025
Heidi Klum reveals her much-anticipated 2025 Halloween costume
  • Local News

Heidi Klum Unveils Her Highly Anticipated Halloween Costume for 2025

NEW YORK – On Friday, Heidi Klum mesmerized onlookers by transforming into…
  • NewsFinale Journal
  • November 1, 2025
Friday Night Blitz 2025 Week 12 scores, highlights
  • Local News

Friday Night Blitz 2025 Week 12: Thrilling Scores and Highlights Unveiled

STATESBORO, Ga. — As the twelfth week of Friday Night Blitz unfolds,…
  • NewsFinale Journal
  • November 1, 2025
Couple helps keep girl in roller coaster seat after restraint comes undone
  • Local News

Heroic Couple Saves Young Girl as Roller Coaster Restraint Fails Mid-Ride

KANSAS CITY, Mo. – A harrowing incident unfolded on the Mamba roller…
  • NewsFinale Journal
  • November 1, 2025
LIST: Restaurants around Tampa Bay offer free meals during SNAP funding lapse
  • Local News

Discover Tampa Bay’s Restaurants Offering Free Meals Amid SNAP Funding Gap

GULFPORT, Fla. (WFLA) — Beginning November 1, numerous eateries throughout Tampa Bay…
  • NewsFinale Journal
  • November 1, 2025
Andrew's royal exit is the latest crisis for Britain's monarchy
  • Local News

Prince Andrew’s Departure: A New Crisis Shakes the Foundations of the British Monarchy

LONDON – While the British monarchy holds significant cultural influence, it operates…
  • NewsFinale Journal
  • November 1, 2025
Federal judges issue rulings involving SNAP benefits, Trump wants clarification
  • Local News

Federal Judges Rule on SNAP Benefits as Trump Seeks Further Clarification

TAMPA, Fla. (WFLA) – As a potential lapse in funding for SNAP…
  • NewsFinale Journal
  • October 31, 2025
Prince Harry Blanks on Taylor Swift and Charli XCX Feud — Was He Trolling or Truly Clueless?
  • Entertainment

Did Prince Harry Just Troll Taylor Swift and Charli XCX, or Was He Genuinely Unaware of Their Feud?

Just a day after Prince Harry and Meghan Markle found themselves in…
  • NewsFinale Journal
  • November 1, 2025
Neve Campbell Auditioned For Her First Major Role To Chase A Different Career
  • Movies

Neve Campbell’s Surprising Career Move: The Audition That Changed Everything

Neve Campbell, celebrated for her role in the…
  • NewsFinale Journal
  • November 1, 2025
Family of father-to-be whose girlfriend allegedly crashed car on purpose speaks out through lawyer
  • US

Shocking Allegations: Family of Expectant Father Breaks Silence on Intentional Car Crash

The family of a soon-to-be father who tragically died after his girlfriend…
  • NewsFinale Journal
  • November 1, 2025
Funeral home recovers 300+ piles of human remains outside Las Vegas
  • US

Shocking Discovery: Over 300 Human Remains Uncovered at Las Vegas Funeral Home

LAS VEGAS (KLAS) — In a bizarre and unsettling discovery, federal authorities…
  • NewsFinale Journal
  • November 1, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate
Go to mobile version