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Tariffs Fuel Already High Construction Costs

Construction costs are increasing as much as 3% per year, and steel and lumber tariffs are contributing to the increased costs.

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Andrew Starrels Andrew Starrels

Tariffs are fueling already high construction costs. Raw materials tariffs, which include lumber and steel, are adding to construction costs, which are up 2.5% to 3% annually. We sat down with Andy Starrels, a member of Holland & Knight’s West Coast Land Use and Environment Group, to talk about the impact the tariffs have had on both residential and commercial construction costs, including the long-term impacts, the assets classes most impacted and advice for developers facing increasing costs.

Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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