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Home-Renovation Expense Keeps Rising as Companies Pass on Costs

Bloomberg Technology Friday 06 November 2026, 13:15 UTC By Rachel Phua 1 min read
Key Points

Consumer Home-Renovation Expense Keeps Rising as Companies Pass on Costs Households squeezed by high grocery and gas prices are facing another hit: rising costs for home repairs and upgrades. The cost of repairing or remodeling a home has risen steadily through October, with higher oil and energy prices, along with elevated interest rates stemming from the Iran conflict, pushing prices up. In the three months through June, it rose at the fastest quarterly pace since October 2024, according...

Consumer Home-Renovation Expense Keeps Rising as Companies Pass on Costs Households squeezed by high grocery and gas prices are facing another hit: rising costs for home repairs and upgrades. The cost of repairing or remodeling a home has risen steadily through October, with higher oil and energy prices, along with elevated interest rates stemming from the Iran conflict, pushing prices up. In the three months through June, it rose at the fastest quarterly pace since October 2024, according to insurance data analytics provider Verisk.
Iran (LOCATION) Verisk (PERSON)
Originally published by Bloomberg Technology Read original →

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