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CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 16:40:00

To remodeling. the problem there is the cost of materials, no matter what you re talking about, has also increased dramatically. this needs to be flush with the counter. snoob. reporter: when pena started this home renovation project in april of 2021, he estimated the cost to be $600,000. but with the increase in costs in almost everything related to homes new floors, new baseboards, new doors. reporter: this general contractor is dealing with very different numbers. we re looking at $120,000 to $150,000 more. we would be at $720,000 to $750,000. just a year apart. reporter: according to data from the bureau of labor statistics, inflation for construction materials has increased more than 23% in the 12 months since march of 2021. metal products, 36%. lumber, 21.8%. ....

Home Renovation Project , April Of 2021 , General Contractor , Construction Materials , Metal Products , Bureau Of Labor Statistics , 221 8 , March Of 2021 ,