Tariff Effects on Construction Costs

President Donald Trump’s series of tariffs has led to increased costs for American builders. Real estate developers report sticker shock as steel prices soar by 20%, impacting construction budgets and timelines.

This rise in costs poses challenges for ongoing projects and new developments alike. The real estate sector feels the pinch as builders navigate these economic headwinds, leading to adjustments in pricing strategies and project plans.

As developers adjust to these changes, staying informed about ongoing tariff discussions remains essential. Future policy changes could further influence market dynamics within the construction industry.