I can offer some general insights that might help you understand how these costs could behave under certain circumstances.
Home renovation contractor prices can be influenced by various factors, including labor costs, demand for renovation services, regional economic conditions, and overall market trends. While the cost of materials is a significant factor in determining the final price of a renovation project, it is not the only consideration.
If the cost of materials has decreased, one might expect that home renovation projects could become more affordable. However, this is not always the case, as other costs such as labor, equipment, and overhead expenses may have increased, which could offset the potential savings from cheaper materials.
Additionally, if there is a surge in demand for home renovations, contractors may be in higher demand, leading to an increase in their prices. Furthermore, economic factors, such as inflation or changes in the housing market, can also impact contractor prices.
It's essential to consider the specific circumstances in your region and consult with local contractors to get accurate and up-to-date information on their pricing. They can provide you with detailed estimates based on your project's requirements and the current market conditions.