Homewyse Improvements and Enhancements - January 2022
The Homewyse site has an updated user interface and upgraded Homewyse Lists reference and help sections.
Labor Rate and Material Cost Updates
The cost estimating calculators at homewyse.com now reflect the following changes:
- Labor Rate Increases Updates include higher wages across the spectrum for home construction, remodeling and maintenance professionals. Annual changes range from 3.5% to 10.8% depending on trade profession, reflecting significant overhead cost increases and labor supply and demand imbalances that have persisted in many regions since mid-2020.
- Material Increases Updates include higher material unit prices for roofing, insulation, appliances, tile and coatings. Annual increases have been substantial, ranging between 4% to over 32%. Lumber and sheet goods pricing increases have stopped since April 2021 highs, but significant decreases in wholesale lumber prices have not materialized as savings to retail customers.