Remodel Costs Since 2019: Building Material Prices vs Clark County Home Values

Key numbers

Since 2019, home values in Clark County rose a little faster than material prices

Both jumped in 2021 and 2022. By 2022, the materials index was 37.1% above its 2019 average and Clark County home values were 39.3% higher. Then both slowed: from 2022 to 2025, material prices rose 3.1% and home values 6.7%.

Materials (PPI, inputs to residential construction, goods)Clark County home values (FHFA)Lumber (PPI)

In 2026, material prices pulled ahead

The second quarter of 2026 is the latest period both sources cover. Material prices averaged 7.1% more than in the same quarter of 2025, while the FHFA index for the Portland-Vancouver-Hillsboro metro area rose 1.4%. By September 2026, the materials index (preliminary) stood 10.2% above its 2025 average and 56.3% above September 2019.

Lumber is a smaller part of the story than its 2021 spike suggests. The lumber index peaked in May 2021, 119.6% above its 2019 average, then fell back. In 2025 it averaged 26.4% above 2019, less than the 41.3% rise for all residential construction goods.

What this means for Clark County homeowners

• Over 2019 to 2025 as a whole, Clark County home values rose a little faster than building material prices. That is a county average; your home's value depends on the house and the street.
• In 2026 material prices have risen faster than home values. An estimate from last year may be low today. Ask how long a quote holds its prices, and which items are fixed and which are allowances.
• These indexes leave out labor, permits and design, so they do not tell you what your project costs. For JDI's current planning ranges, use our cost calculators; our guide to paying for a whole-house remodel covers the money side.

Method

• Material prices: U.S. Bureau of Labor Statistics, Producer Price Index for inputs to residential construction, goods (series WPUIP2311001, June 1986 = 100) and for lumber (WPU081), national, not seasonally adjusted. Annual averages as published; the latest months are preliminary and BLS revises them.
• Clark County home values: Federal Housing Finance Agency, all-transactions House Price Index, annual county index for Clark County, WA (FIPS 53011). FHFA calls the county indexes developmental. The file we used was last updated March 31, 2026 and runs through 2025.
• Past year: the second quarter of 2026 average of the monthly materials index against the same quarter a year earlier, and FHFA's quarterly all-transactions index for the Portland-Vancouver-Hillsboro, OR-WA metro area for the same quarters (the county index is annual only).
• Changes are percent changes between index values, computed by our script from the published figures.

Limits

• The PPI measures what producers receive for goods, nationwide. It is not what a homeowner or a contractor in Clark County pays, and it is not JDI's pricing.
• It covers goods only. Labor, subcontractors, permits, design and overhead are not in it.
• The index tracks goods for new residential construction, which overlap with, but are not the same as, the materials in a remodel.
• The FHFA index is built from sales and appraisals on mortgages bought or guaranteed by Fannie Mae and Freddie Mac. It tracks the same homes over time, not the price of the typical home sold.