Home Repair Costs Have Risen 64% Since 2016 — And Another Wave of Price Hikes Is Coming

Home repair and remodeling costs are up about 64% since 2016 as of October — a decade high — and manufacturers are lining up another round of price increases that could stretch into 2027.

Verisk, the insurance data analytics provider, reports that repair and remodel costs rose steadily through October, with the three months through June marking the fastest quarterly pace since October 2024. Higher oil and energy prices, plus elevated interest rates stemming from the Iran conflict, are driving the climb.

The squeeze lands on households already stretched by grocery and gas inflation. For context: a repair bill that would have cost $1,000 in 2016 now runs roughly $1,640.

Who's raising prices, and by how much?

The increases span nearly every category of the home-improvement aisle:

• Sherwin-Williams raised paint prices 8% in September and hasn't ruled out further hikes.
• Whirlpool, which sells KitchenAid, Maytag and InSinkErator alongside its namesake brand, will boost US prices by 7% in December.
• Carrier Global, the HVAC manufacturer, raised prices alongside Pool Corp., citing higher steel, copper, aluminum and freight costs, and expects inflationary pressures to persist into 2027.
• Armstrong World Industries, the ceiling maker, raised prices in November after its freight costs climbed about 20% from a year earlier.

"Just to put it in perspective, this quarter was the most significant inflationary period that we've experienced since mid-2022," Armstrong CEO Mark Hershey said on an earnings call.

Stanley Black & Decker is also gearing up. "We will have meaningful inflation to address in 2027," CFO Patrick Hallinan said on an earnings call. "We plan to do so with productivity measures and pricing actions, with a price increase likely around the turn of the year."

What does this change for homeowners?

Bloomberg Intelligence analyst Drew Reading says the ability to pass along costs depends on the product. Homeowners can't easily skip repairs and maintenance — but they can trade down on items like faucets or toilets.

That dynamic may actually put a floor under manufacturers' earnings. Roofing maker Carlisle Cos. expects current pricing to become a tailwind as costs normalize in 2027, with price increases catching up with rising costs by the end of 2026. So far, higher prices haven't hurt demand or triggered pre-buying, CEO Christian Koch said on an earnings call.

Masco Corp., which makes faucets under brands including Hansgrohe, credited pricing with partly driving a 13% adjusted operating profit increase in the third quarter. On potential 2027 hikes, CEO Jonathon Nudi called pricing the "last lever we pull." Even so, Reading notes that accelerating copper, oil-based materials and freight costs could force Masco's hand next year. Existing increases largely reflect earlier tariff and input-cost mitigation, he said.

The demand question

Consumers are already bending. Some households are postponing larger purchases and repairing appliances rather than replacing them, Whirlpool CEO Marc Bitzer said — though "at one point, people will replace it."

Reading expects further increases will more likely weaken demand for big-ticket discretionary items. In practical terms: the mandatory roof repair gets done; the dream kitchen renovation waits.

The numbers behind that caution are stark. With repair and remodeling costs at a decade high and manufacturers from paint to plumbing signaling hikes through 2027, the era of cheap home upkeep isn't coming back soon — and budgets built on pre-2024 pricing will need recalibrating.