
From tile to toilets, home renovation costs will climb as new tariffs take effect.
Americans accustomed to rising prices on all kinds of consumer goods are about to experience sticker shock in a corner of the economy that's boomed over the past few years.
From marble quarried in Italy to washing machines built and assembled all over the world, the products and materials that furnish and model our homes are global – and about to get a lot more expensive, if they are even available as the impact of tariffs kick in.
After several years of blockbuster growth in the remodeling and design business, the White House's erratic rollout of tariffs aimed at reshaping global trade is already taking a toll. The industry has already swallowed price increases and made supply-chain shifts where possible, professionals say, and higher prices will now hit consumers, likely slowing growth in a part of the economy that's made up of lots of small, even mom-and-pop, businesses.
'Over the past three weeks, I've had three projects say, 'Hey, we're going to pause on things,'' said Kevin Twitty, a Portland, Oregon-based designer who works all over the country. 'It's not necessarily just because of tariffs. It's all the other things that the tariffs are affecting, like people's stock portfolios, their potential raises at work, their bonuses that they might be paid out throughout the year.'
Like many design professionals who spoke with USA TODAY, Twitty has been hearing from suppliers of everything from vanities to tile that they are raising prices, cancelling shipments, or still trying to make decisions. As of now, he reckons the cost of a renovation or remodel is likely to increase about 25%.
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Case Architects & Remodelers, a design firm based in the Washington, DC metro area, has estimated that tariffs will add to the cost of projects by low single-digit percentages, said its executive vice president, Bill Millholland. But that does not include the cost of appliances, which could add significantly to the overall expense.
Home decor products are global
Like many other industries, the design and remodeling landscape is made up of products that defy easy categorization.
'Every aspect of home decor has something related to their product coming internationally. You know, it's a global economy, really,' said Barbara Karpf, founder and president of DecoratorsBest, one of the largest online suppliers of products like textiles and wallpaper traditionally only available to tradespeople.
Now, even products made domestically by American companies are having to raise prices because their input materials may be imported, Karpf said.
Another example: roofers may be relatively insulated from new tariffs, said Andrew Prchal, president and co-founder of Gunner, a national roofing, siding and window company. The majority of American roofs are made of asphalt shingles, which are manufactured domestically. But the fasteners used in most projects are made in China, and those prices have risen nearly 70% in anticipation of tariffs, Prchal said.
Supply chains have already made moves
Design and remodeling professionals who spoke with USA TODAY said that there's very little low-hanging fruit left when it comes to shifting their supply chains.
'We were affected big time when COVID was around and that caused a very similar issue where things were just not in stock,' said Michael Alladawi, co-founder and CEO of Revive Real Estate. 'We kind of made a conscious effort to source things that are more locally available.'
Revive works with a network of contractors across several states to help homeowners figure out the most strategic upgrades and renovations to make as they get ready to list their homes for sale.
This time around, the company is trying to proactively stockpile things like cabinetry, appliances, and other supplies, Alladawi said, to 'have a little bit of a runway' that smooths out the cost increases, but that will only go so far.
Karpf, of DecoratorsBest, notes that the entire industry started transitioning away from China under the first Trump administration.
'Last year, I spoke with various vendors to see what they were doing. Everybody just said, well, you know, very little comes from China," Karpf said. "Now we have different supply chains and different places where we actually purchase the finished goods as well. So the companies were prepared for these things. They weren't prepared for tariffs on our trading partners and our allies.'
How will consumers adapt?
Because of the ongoing uncertainty around which countries will face which levies and how that will trickle through the industry, it's far too early to guess how consumer patterns and choices will be impacted.
Need-to-have items, like roofs, will be more insulated than nice-to-have upgrades, Prchal thinks.
In a similar vein, consumers may become more strategic, said Nick Nichols, the Chicago-based owner of two businesses, Imparfait Design Studio and KitchenLab Interiors. Households might be more willing to do a particular project, say a high-ROI upgrade like a bathroom, than a whole-house remodel, he thinks.
Also unclear: whether more Americans will want to go the do-it-yourself route. In response to a USA TODAY request for an interview, a Home Depot spokesperson emailed, 'As this situation is evolving, we are monitoring developments closely. Over half of our products are sourced in the U.S. We are our customers' advocate for value and will continue to work closely with our suppliers to navigate this environment.'
Suren Gopalakrishnan, a design supply-chain veteran, sees some upsides. He thinks consumers will become more thoughtful with their purchases, and an era of increasingly cheap and disposable home goods might be replaced with higher-quality, longer-lasting ones.
Gopalakrishnan co-founded MakersPalm, which helps brands and designers, especially artisanal ones, develop products and supply chains, after many years managing such processes for Anthropologie. He sees the coming years as a 're-set' period.
'Every change is hard. But you know, I still think it'll be fine,' he said. He points to the initial panicked period of the COVID-19 lockdowns, when everyone thought the worst, only to discover that Americans stuck at home wanted nothing more than to upgrade their spaces - and had the savings to do it.
Businesses crave certainty
One thing is very clear: businesses across the industry really want tariffs to stop being a moving target. Alladawi of Revive Real Estate says some of the price increases he's seen so far are simply knee-jerk reactions made out of fear.
'Our contractor network is scared,' he said. 'Even when the prices haven't gone up yet, in some instances they know they will and they're scared they're gonna get caught in the middle. And so they're kind of being proactive and I understand that.'
'We have 10 employees across both companies and we just want to be able to plan so that we can continue to hire,' Nichols said. 'Small business is the biggest driver of employment in this country and as a small business owner, what we'd like to know is what's going to happen this year and next year, and have a stable political climate.'
Perhaps the only certainty in this uneasy time? "The dirty little secret of remodeling is that prices never go down,' Millholland said. 'I can promise you, after this is all over, it's not like everybody's going to say, oh, we're past it now. Our prices are going down 20%. That's not going to happen, or at least never has in my career, and I've been doing this for 35 years.'
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San Francisco Chronicle
22 minutes ago
- San Francisco Chronicle
Israel backs an anti-Hamas armed group known for looting aid in Gaza. Here's what we know
JERUSALEM (AP) — Israel is supporting armed groups of Palestinians in Gaza in what it says is a move to counter Hamas. But officials from the U.N. and aid organizations say the military is allowing them to loot food and other supplies from their trucks. One self-styled militia, which calls itself the Popular Forces, led by Yasser Abu Shabab, says it is guarding newly created, Israeli-backed food distribution centers in southern Gaza. Aid workers say it has a long history of looting U.N. trucks. Gaza's armed groups have ties to powerful clans or extended families and often operate as criminal gangs. Aid workers allege Israel's backing of the groups is part of a wider effort to control all aid operations in the strip. Israel denies allowing looters to operate in areas it controls. Here's what we know about anti-Hamas armed groups in Gaza: Who are these groups? Prime Minister Benjamin Netanyahu said in a social media video Thursday that Israel had 'activated' clans in Gaza to oppose Hamas. He didn't elaborate how Israel is supporting them or what role Israel wants them to play. Netanyahu's comments were in response to a political opponent accusing him of arming 'crime families' in Gaza. Clans, tribes and extended families have strong influence in Gaza, where their leaders often help mediate disputes. Some have long been armed to protect their group's interests, and some have morphed into gangs involved in smuggling drugs or running protection rackets. After seizing power in 2007, Hamas clamped down on Gaza's gangs -- sometimes with brute force and sometimes by steering perks their way. But with Hamas' weakening power after 20 months of war with Israel, gangs have regained freedom to act. The leadership of a number of clans — including the clan from which the Abu Shabab group's members hail — have issued statements denouncing looting and cooperation with Israel. A self-proclaimed 'nationalist force' The Abu Shabab group went public in early May, declaring itself a 'nationalist force.' It said it was protecting aid, including around the food distribution hubs run by the Gaza Humanitarian Foundation, a mainly American private contractor that Israel intends to replace the U.N.-led aid network. Aid workers and Palestinians who know the group estimate it has several hundred fighters. The Abu Shabab group's media office told The Associated Press it was collaborating with GHF 'to ensure that the food and medicine reaches its beneficiaries.' It said it was not involved in distribution, but that its fighters secured the surroundings of distribution centers run by GHF inside military-controlled zones in the Rafah area. A spokesperson with GHF said it had 'no collaboration' with Abu Shabab. 'We do have local Palestinian workers we are very proud of, but none is armed, and they do not belong to Abu Shabab's organization,' the spokesperson said, speaking on condition of anonymity in accordance with the group's rules. Before the war, Yasser Abu Shabab was involved in smuggling cigarettes and drugs from Egypt and Israel into Gaza through crossings and tunnels, according to two members of his extended family, one of whom was once part of his group. Hamas arrested Abu Shabab but freed him from prison along with most other inmates when the war began in October 2023, they said, speaking on condition of anonymity for fear of reprisals. Abu Shabab's media office said he was summoned by police before the war but wasn't officially accused or tried. It also said claims the group was involved in attacking aid trucks were 'exaggerated,' saying its fighters 'took the minimum amount of food and water necessary.' The head of the association in Gaza that provides trucks and drivers for aid groups said their members' vehicles have been attacked many times by Abu Shabab's fighters. Nahed Sheheiber said the group has been active in Israeli-controlled eastern parts of Rafah and Khan Younis, targeting trucks as they enter Gaza from the Kerem Shalom crossing with Israel. Troops nearby 'did nothing' to stop attacks, he said. Sheheiber said that when Hamas policemen have tried to confront gangs or guard truck convoys, they were attacked by Israeli troops. One driver, Issam Abu Awda, told the AP he was attacked by Abu Shabab fighters last July. The fighters stopped his truck, blindfolded and handcuffed him and his assistant, then loaded the supplies off the vehicle, he said. Abu Awda said nearby Israeli troops didn't intervene. These kinds of attacks are still happening and highlight 'a disturbing pattern,' according to Jonathan Whittall, from the U.N. humanitarian coordinator, OCHA. 'Those who have blocked and violently ransacked aid trucks seem to have been protected' by Israeli forces, said Whittall, head of OCHA's office for the occupied Palestinian territories. And, he added, they have now become the 'protectors of the goods being distributed through Israel's new militarized hubs,' referring to the GHF-run sites. The Israeli military did not reply when asked for comment on allegations it has allowed armed groups to loot trucks. But the Israeli prime minister's office called the accusations 'fake news,' saying, 'Israel didn't allow looters to operate in Israeli controlled areas.' Israel often accuses Hamas of stealing from trucks. What does all this have to do with aid? Muhammad Shehada, a political analyst from Gaza who is a visiting fellow at the European Council on Foreign Relations, said he doesn't believe Israel's support for armed groups is aimed at directly fighting Hamas. So far there has been no attempt to deploy the groups against the militants. Instead, he said, Israel is using the gangs and the looting to present GHF 'as the only alternative to provide food to Palestinians,' since its supplies get in while the U.N.'s don't. Israel wants the GHF to replace the U.N.-led aid system because it claims Hamas has been siphoning off large amounts of supplies. The U.N. denies that significant amounts have been taken by Hamas. Israel has also said it aims to move all Palestinians in Gaza to a 'sterile zone' in the south, around the food hubs, while it fights Hamas elsewhere. The U.N. and aid groups have rejected that as using food as a tool for forced displacement. The Abu Shabab group has issued videos online urging Palestinians to move to tent camps in Rafah. Israel barred all food and other supplies from entering Gaza for 2 ½ months , pending the start of GHF – a blockade that has brought the population to the brink of famine. GHF started distributing food boxes on May 26 at three hubs guarded by private contractors inside Israeli military zones. Israel has let in some trucks of aid for the U.N. to distribute. But the U.N. says it has been able to get little of it into the hands of Palestinians because of Israeli military restrictions, including requiring its trucks to use roads where looters are known to operate. 'It's Israel's way of telling the U.N., if you want to try to bring aid into Gaza, good luck with this," said Shehada. "We will force you to go through a road where everything you brought will be looted.' Magdy and Keath reported from Cairo


Hamilton Spectator
25 minutes ago
- Hamilton Spectator
Israel backs an anti-Hamas armed group known for looting aid in Gaza. Here's what we know
JERUSALEM (AP) — Israel is supporting armed groups of Palestinians in Gaza in what it says is a move to counter Hamas. But officials from the U.N. and aid organizations say the military is allowing them to loot food and other supplies from their trucks. One self-styled militia, which calls itself the Popular Forces, led by Yasser Abu Shabab, says it is guarding newly created, Israeli-backed food distribution centers in southern Gaza. Aid workers say it has a long history of looting U.N. trucks. Gaza's armed groups have ties to powerful clans or extended families and often operate as criminal gangs. Aid workers allege Israel's backing of the groups is part of a wider effort to control all aid operations in the strip. Israel denies allowing looters to operate in areas it controls. Here's what we know about anti-Hamas armed groups in Gaza: Who are these groups? Prime Minister Benjamin Netanyahu said in a social media video Thursday that Israel had 'activated' clans in Gaza to oppose Hamas. He didn't elaborate how Israel is supporting them or what role Israel wants them to play. Netanyahu's comments were in response to a political opponent accusing him of arming 'crime families' in Gaza. Clans, tribes and extended families have strong influence in Gaza, where their leaders often help mediate disputes. Some have long been armed to protect their group's interests, and some have morphed into gangs involved in smuggling drugs or running protection rackets. After seizing power in 2007, Hamas clamped down on Gaza's gangs — sometimes with brute force and sometimes by steering perks their way. But with Hamas' weakening power after 20 months of war with Israel, gangs have regained freedom to act. The leadership of a number of clans — including the clan from which the Abu Shabab group's members hail — have issued statements denouncing looting and cooperation with Israel. A self-proclaimed 'nationalist force' Besides the Abu Shabab group, it is not known how many armed groups Israel is supporting. The Abu Shabab group went public in early May, declaring itself a 'nationalist force.' It said it was protecting aid, including around the food distribution hubs run by the Gaza Humanitarian Foundation , a mainly American private contractor that Israel intends to replace the U.N.-led aid network. Aid workers and Palestinians who know the group estimate it has several hundred fighters. The Abu Shabab group's media office told The Associated Press it was collaborating with GHF 'to ensure that the food and medicine reaches its beneficiaries.' It said it was not involved in distribution, but that its fighters secured the surroundings of distribution centers run by GHF inside military-controlled zones in the Rafah area. A spokesperson with GHF said it had 'no collaboration' with Abu Shabab. 'We do have local Palestinian workers we are very proud of, but none is armed, and they do not belong to Abu Shabab's organization,' the spokesperson said, speaking on condition of anonymity in accordance with the group's rules. Before the war, Yasser Abu Shabab was involved in smuggling cigarettes and drugs from Egypt and Israel into Gaza through crossings and tunnels, according to two members of his extended family, one of whom was once part of his group. Hamas arrested Abu Shabab but freed him from prison along with most other inmates when the war began in October 2023, they said, speaking on condition of anonymity for fear of reprisals. Abu Shabab's media office said he was summoned by police before the war but wasn't officially accused or tried. It also said claims the group was involved in attacking aid trucks were 'exaggerated,' saying its fighters 'took the minimum amount of food and water necessary.' Aid workers say it is notorious for looting The head of the association in Gaza that provides trucks and drivers for aid groups said their members' vehicles have been attacked many times by Abu Shabab's fighters. Nahed Sheheiber said the group has been active in Israeli-controlled eastern parts of Rafah and Khan Younis, targeting trucks as they enter Gaza from the Kerem Shalom crossing with Israel. Troops nearby 'did nothing' to stop attacks, he said. Sheheiber said that when Hamas policemen have tried to confront gangs or guard truck convoys, they were attacked by Israeli troops. One driver, Issam Abu Awda, told the AP he was attacked by Abu Shabab fighters last July. The fighters stopped his truck, blindfolded and handcuffed him and his assistant, then loaded the supplies off the vehicle, he said. Abu Awda said nearby Israeli troops didn't intervene. These kinds of attacks are still happening and highlight 'a disturbing pattern,' according to Jonathan Whittall, from the U.N. humanitarian coordinator, OCHA. 'Those who have blocked and violently ransacked aid trucks seem to have been protected' by Israeli forces, said Whittall, head of OCHA's office for the occupied Palestinian territories. And, he added, they have now become the 'protectors of the goods being distributed through Israel's new militarized hubs,' referring to the GHF-run sites. The Israeli military did not reply when asked for comment on allegations it has allowed armed groups to loot trucks. But the Israeli prime minister's office called the accusations 'fake news,' saying, 'Israel didn't allow looters to operate in Israeli controlled areas.' Israel often accuses Hamas of stealing from trucks. What does all this have to do with aid? Muhammad Shehada, a political analyst from Gaza who is a visiting fellow at the European Council on Foreign Relations, said he doesn't believe Israel's support for armed groups is aimed at directly fighting Hamas. So far there has been no attempt to deploy the groups against the militants. Instead, he said, Israel is using the gangs and the looting to present GHF 'as the only alternative to provide food to Palestinians,' since its supplies get in while the U.N.'s don't. Israel wants the GHF to replace the U.N.-led aid system because it claims Hamas has been siphoning off large amounts of supplies. The U.N. denies that significant amounts have been taken by Hamas. Israel has also said it aims to move all Palestinians in Gaza to a 'sterile zone' in the south, around the food hubs, while it fights Hamas elsewhere. The U.N. and aid groups have rejected that as using food as a tool for forced displacement. The Abu Shabab group has issued videos online urging Palestinians to move to tent camps in Rafah. Israel barred all food and other supplies from entering Gaza for 2 1/2 months , pending the start of GHF – a blockade that has brought the population to the brink of famine. GHF started distributing food boxes on May 26 at three hubs guarded by private contractors inside Israeli military zones. Israel has let in some trucks of aid for the U.N. to distribute. But the U.N. says it has been able to get little of it into the hands of Palestinians because of Israeli military restrictions, including requiring its trucks to use roads where looters are known to operate. 'It's Israel's way of telling the U.N., if you want to try to bring aid into Gaza, good luck with this,' said Shehada. 'We will force you to go through a road where everything you brought will be looted.' ___ Magdy and Keath reported from Cairo Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
28 minutes ago
- Yahoo
If You Invested Every Social Security Check for 10 Years, How Rich Would You Be?
One common criticism of Social Security is that Americans would be much better off financially if the money they paid into the retirement program through payroll taxes was instead invested into private investment accounts. That same argument can be applied to Social Security checks — seniors would have much more wealth if they invested their checks as soon as they got them. Be Aware: For You: But is this a reasonable request for most people, especially those on a fixed income? To help find the answer here is a closer look at how much you could earn by investing your Social Security checks over a decade. For those seniors who can afford to invest all of their Social Security checks, the potential payoff is considerable. The following table shows how much profit you would have made if you invested every Social Security check over the past 10 years into the S&P 500, from 2015 through the beginning of 2025. The data includes the average Social Security check by year as previously reported by GOBankingRates. It also includes the average annual return of the S&P 500 from 2015 to 2025, as cited by Macrotrends (other sources might reflect different returns). Up Next: A couple things to keep in mind: The figures below are based only on yearly averages, which means they don't include month-to-month fluctuations that happen with the stock market. They also don't include other types of investments — such as crypto or real estate — that would have produced very different returns. Year Avg. monthly SS check Total SS payments for year S&P 500 return Profit/loss for year 2015 $1,341.77 $16,101.24 -0.73% -$117.54 2016 $1,360.13 $16,321.56 +9.54% +1,557.08 2017 $1,404.15 $16,849.80 +19.42% +3,272.23 2018 $1,461.31 $17,535.72 -6.24% -$1,094.23 2019 $1,455.22 $17,462.64 +28.88% +5,043.21 2020 $1,489.30 $17,871.60 +16.26% +2,905.92 2021 $1,517.98 $18,215.76 +26.89% +4,898.22 2022 $1,615.96 $19,391.52 -19.44% -3,769.71 2023 $1,696.35 $20,356.20 +24.23% +4,932.31 2024 $1,909.01 $22,908.12 +23.31% +5,339.88 2025 $1,976 $23,712 +1.96% +$464.76 Total profit/loss +$23,432.33 According to the table above, if you invested all of your monthly Social Security checks in the S&P 500 over the past decade, your nest egg would have grown by over $20,000. That kind of return should bring cheer to financial gurus, like Dave Ramsey, who recommends applying for Social Security retirement benefits as early as possible. For example, you could start collecting benefits at age 62 instead of the full retirement age of 66 or 67 and then immediately invest every monthly payment. There's just one problem with that reasoning. A large percentage of seniors don't have the financial ability to put their Social Security checks into stocks, bonds, mutual funds, exchange-traded funds, real estate, crypto or other investments. They need the money to pay the bills. For about half of U.S. seniors, Social Security provides at least 50% of their overall retirement income, according to research from the Center on Budget and Policy Priorities. For about one in four seniors, Social Security provides at least 90% of income. These folks have a hard enough time making ends meet, let alone tossing their Social Security checks into various investments that might or might not pay off. Nonetheless, for retirees who can afford to invest their benefit checks, there's a pretty good chance those investments will pay off and boost your retirement savings over the long haul. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on If You Invested Every Social Security Check for 10 Years, How Rich Would You Be? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data