Tariffs Fuel Already High Construction Costs

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.

GlobeSt.com: How have the current tariffs impacted Los Angeles construction activity thus far?