Checkatrade’s Q1 Job Price Index

Our new Job Price Index explores how the price of home improvement is changing, based on the prices paid by over 106,793 Checkatrade customers.

During Q1, there have been indications that the rising cost of home improvement might be stabilising, with a modest 0.6% increase in job prices this quarter. This is welcome news for homeowners after sustained rises which have seen home improvement prices climb a total of 5.7% last year.

Independent research shows a significant drop in the number of homeowners intending to carry out work through a tradesperson in the next three months (-39%*), although there are signs homeowners are prioritising qualified and checked trades, with Checkatrade seeing a minimal decline in searches.

Mike Fairman, CEO at Checkatrade, said:

“After months of sustained price increases, it’s welcome news that the pace of price increases has moderated. This is in part due to softening demand within our sector. During the past two years, Checkatrade, like many home improvement businesses, has seen immense demand for home improvement services. This is one factor which caused material prices to spiral, and this quarter’s drop in demand is potentially offsetting inflation and causing any rises to moderate.

Our current unprecedented and unpredictable global situation makes it challenging to predict how long this trend will last – but certainly, for now, it’s a good time for consumers to consider dusting off any paused home improvement plans while prices are more stable.”

Download our latest Index to find out more.