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Prices for home remodeling outpaced inflation in the second quarter due to labor costs
Home remodeling costs rose 3.4% in Q2, driven by labor expenses and tariffs on imports, with spending reaching $510 billion, researchers said.
- Prices for home remodeling outpaced inflation in the second quarter due to labor costs.
- The cost of repairing and remodeling homes is up 3.4% compared to last year, driven primarily by higher labor costs.
- After declining for two years, homeowner spending on maintenance and home improvement projects increased in the first half of 2025.
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38 Articles
Associated Press News+35 Reposted by 35 other sources
Prices for home remodeling outpaced inflation in the second quarter due to labor costs
The cost of home repair and remodeling is rising faster than inflation, according to a new report. Data analytics company Verisk's Repair and Remodeling Index shows a 3.4% increase in the April-June quarter compared to last year, outpacing the 2.7% rise in inflation.
·United States
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Total News Sources38
Leaning Left6Leaning Right4Center26Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
L 17%
C 72%
11%
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