The recent round of new tariffs is likely to result in a 7-8 percent increase in remodeling costs according to industry experts.
Products such as lighting, countertops, laminates etc. are commonly produced in China and the new tariffs will increase from 10 percent to 25 percent.
The National Association of Home Builders anticipates that many remodeling projects will be put off or delayed. Many contractors say that projects are already being scaled back.