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Tariffs are pushing remodeling costs up. Here are some ways to save money.

Tariffs are pushing remodeling costs up. Here are some ways to save money.

CBSN
Thursday, June 19, 2025 05:49:47 PM UTC

Tariffs are pushing up the cost of materials that are frequently used in home renovation projects, leading some homeowners to reconsider fixing up their residences. 

Suppliers of materials, including lumber, steel and aluminum, have already hiked prices for builders. Sixty percent of homebuilders say suppliers have either already raised prices or intend to, according to data from the National Association of Home Builders (NAHB) and Wells Fargo's April 2025 Housing Market Index. They attribute the price hikes to the Trump administration's sweeping levies on the U.S.'s trade partners. 

Extra costs for materials can add up quickly, leading to a typical price increase of around $10,000 per home renovation project, according to the NAHB. 

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