Rising Construction Material Prices Impact Renovation Budgets
Homeowners and contractors are facing higher renovation costs in 2025 as tariffs, supply chain disruptions, and inflation push prices of key materials upward.
Key Materials Affected:
Lumber: Tariffs and demand fluctuations have increased prices year-over-year.
Steel & Copper: Supply chain bottlenecks and global market changes are driving costs higher.
Other Building Materials: Insulation, cement, and fixtures are also seeing price spikes.
Impact on Renovations:
Project budgets are increasing by 5–10% on average, depending on scope.
Homeowners may need to re-evaluate material choices or project timelines to stay within budget.
Contractors are advising clients to plan ahead and lock in material costs early to avoid unexpected expenses.
Bottom line: Staying informed about material prices and supply trends is crucial to keeping renovation projects on budget and on schedule.
