Rising Home Repair Costs Place More Pressure on US Households
By PYMNTS
AI summary of the source article
Rising energy prices, fuel costs, and interest rates have driven up the cost of U.S. home repairs and renovations. In the three months through June, these costs increased at their fastest quarterly rate since October 2024.
Key facts
- Home repair and renovation costs climbed steadily alongside rising fuel prices and interest rates.
- In the three months through June, home repair prices increased at the fastest quarterly rate since October 2024.
- Rising energy prices have made it harder for Americans to repair their homes.
Source excerpt · PYMNTS
As energy prices rise, Americans are reportedly finding it harder to repair their homes. The cost of home repairs/renovations climbed steadily last month as fuel prices and interest rates continued climbing, Bloomberg News reported Friday (Nov. 6). In the three months through June, those prices increased at the fastest quarterly rate since October 2024, the […] The post Rising Home Repair Costs Pl…