"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."
"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. John Lovallo, an analyst with UBS, estimates the tariffs on cabinets and vanities could add roughly $280 to the cost of a home."
Home repair and remodeling costs increased 3.4% year-over-year in the April–June quarter, outpacing the 2.7% Consumer Price Index rise. An index tracking more than 10,000 home improvement products showed a 0.6% rise from the January–March quarter. Rising labor costs are the primary driver, with the most labor-intensive repair and remodeling tasks posting the largest quarterly labor increases. A broad rollout of tariffs coincided with the cost jump, though earlier tariff delays limited immediate effects. Newly announced tariffs, including a 50% import tax on kitchen cabinets and vanities, could add roughly $280 to the cost of a home.
Read at Fast Company
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