California's home-repair inflation rate has more than doubled in the past five years, with repair costs up 40%—a reflection of broader national trends in the construction industry.
Construction wages in California cover 62% of repair costs and have risen by 21% over the past five years, revealing the growing burden on homeowners.
The surge in wholesale prices for construction supplies, which increased 38% in five years, is a major factor driving the overall rise in repair costs.
Home values in California have soared by 47% in five years, while the impact of rising repair costs is reflected in escalating home-insurance premiums.
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