globest.com

Error

An error occurred while fetching the data.

Error details: Error: INTERNAL_ERROR for 6226cd39-37d5-df93-a0b3-9e30f05e405f: {"response":{"errors":[{"message":"INTERNAL_ERROR for 6226cd39-37d5-df93-a0b3-9e30f05e405f","locations":[{"line":93,"column":7}],"path":["articlePackages"],"extensions":{"classification":"INTERNAL_ERROR"}},{"message":"INTERNAL_ERROR for 6226cd39-37d5-df93-a0b3-9e30f05e405f","locations":[{"line":115,"column":7}],"path":["youmightlike"],"extensions":{"classification":"INTERNAL_ERROR"}}],"data":{"articleData":{"uri":"/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/","canonicalUrl":"https://www.globest.com/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/","generatedId":"","naturalId":"00000194-dac0-d544-ab97-fed527880000","recombeeId":"00000194-dac0-d544-ab97-fed527880000","type":"ARTICLE","postFormat":"","kickerPresentedBy":{"label":"","value":""},"breadcrumb":[],"presentedBy":"","title":"Homebuilder Warns Tariffs Could Add $29,000 to New Home Prices","readtime":"2","timeToRead":"2 minute","prettyModified":"February 06, 2025 at 09:44 AM","prettyDateTime":"February 06, 2025 at 05:46 AM","needToKnow":[],"byline":"Erik Sherman","nofollow":false,"showDisclaimer":true,"authors":[{"name":"Erik Sherman","description":"","imageLarge":"https://assets.alm.com/77/73/e479c6e144d99751dff35868f5e8/erik-sherman.jpg","webUrl":"/author/profile/erik-sherman/"}],"publication":"Globe Street","kicker":"Analysis","kickerNode":[{"name":"Analysis","slug":"analysis","uri":"/analysis/","sectionName":"Analysis"}],"prettyDate":"February 06, 2025","pubDate":"2025-02-06 05:46:14.000","modifiedDate":"2025-02-06 09:44:11","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/48/55/9ddfa8ba405db8ed7514aa1ed6ad/containers-resize-jpeg.jpeg","width":"620","height":"372","alt":"48/55/9ddfa8ba405db8ed7514aa1ed6ad/containers-resize-jpeg.jpeg"},"embed1":"","embed2":"","summary":"The uncertainty is adding to the industry tensions.","categories":[],"allCategories":[{"sectionName":"National","channelName":"GlobeSt Market"},{"sectionName":"Multifamily","channelName":"Globest Sectors"},{"sectionName":"Northeast","channelName":"Region"},{"sectionName":"Analysis","channelName":"Kicker"}],"bodyArray":["For anyone wondering how much President Donald Trump’s plan for extended tariffs could affect the construction industry, Wisconsin homebuilder David Belman told Bloomberg that a <a href=\"https://www.bloomberg.com/news/articles/2025-02-04/trump-tariffs-risk-29-000-rise-in-us-home-construction-costs?srnd=phx-industries-real-estate\">typical house could jump $29,000 in price</a>.","He estimated that $14,000 of that amount would be due to the higher price of Canadian softwood, a critical item in framing and construction. Tariffs on Mexico could increase the cost of imported gypsum used in drywall. More than 70% of softwood and gypsum imports come from Canada and Mexico, according to the National Association of Home Builders.","The 25% on Canada would be on top of the 14.5% duty already on softwood for a total of about 43%. The extra 10% on China on top of existing tariffs would mean more expensive imported assemblies like countertops, doors, and appliances.","<div class=\"paywall-content\">After separate discussions with Mexican President Claudia Sheinbaum and also with Canadian Prime Minister Justin Trudeau, Trump announced that he would delay the 25% tariff for each country by 30 days. For longer? No one knows, and the uncertainty adds to the tensions.","The proposed 25% tariff on Canada and Mexico would supposedly last until there was an end to drug trafficking and migrants. How that would be regulated doesn’t seem to be clear.","“We believe that suburban multifamily construction projects may be most impacted by tariffs on Canadian imports, given their greater proportion of wood frame deals than urban areas and the high proportion of lumber used in the construction industry that originates from Canada,” Brian Clement, senior vice president and head of acquisitions at LBX Investments, <a href=\"https://www.globest.com/2024/12/06/gauging-potential-effects-of-trump-policies-on-cre-construction/\">told GlobeSt.com</a> in December 2024.","There has already been an ongoing economic crisis in construction — an industrial version of inflation that many forget. A GlobeSt.com analysis shows that between December 2019 and December 2024, private sector final demand construction costs increased by 40.5%, including materials and labor.","While much of the focus is on home building and much commercial construction is done on frames of steel and not wood, the rest of commercial real estate won’t escape.</div>"],"slides":[],"video":""},"articlePackages":null,"youmightlike":null,"readnext":{"contents":[{"uri":"/2025/07/10/florida-ends-tax-on-commercial-rent-bringing-relief-to-tenants/","title":"Florida Ends Tax on Commercial Rent, Bringing Relief to Tenants","byline":"Anthony Russo","summary":"The removal of the tax will increase the state's competitive advantage and lure more folks to Florida. ","prettyDate":"July 10, 2025","kicker":"Features","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/2f/09/e07355b545bea551e6091b646509/kingsley-jonathan-620x372-1.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Region","sectionName":"Southeast","slug":"southeast-region-globest-markets","channelUri":"region"},{"channelName":"Globest Sectors","sectionName":"Office","slug":"office","channelUri":"sectors"},{"channelName":"Globest Sectors","sectionName":"Retail","slug":"retail","channelUri":"sectors"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Kicker","sectionName":"Features","slug":"features-kicker","channelUri":""}]},{"uri":"/2025/07/10/multifamily-delinquencies-climb-amid-worsening-cre-loan-performance/","title":"Multifamily Delinquencies Climb Amid Worsening CRE Loan Performance","byline":"Erik Sherman","summary":"Growth slows, delinquencies rise, and multifamily losses hit a peak.","prettyDate":"July 10, 2025","kicker":"Analysis","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2023/04/Delinquent-Loan-Article-202304060805.jpg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]},{"uri":"/2025/07/11/top-10-cre-funds-stockpile-billions-as-market-wonders-whats-next/","title":"Top 10 CRE Funds Stockpile Billions as Market Wonders What’s Next","byline":"Erik Sherman","summary":"The funds remain unused as they await the right opportunity.","prettyDate":"July 11, 2025","kicker":"Features","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/ec/07/e42f1dd84c54b5f0c4804ce6fdad/dry-powder.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Features","slug":"features-kicker","channelUri":""}]},{"uri":"/2025/07/11/multifamilys-rising-loan-maturities-create-new-buying-opportunities/","title":"Multifamily's Rising Loan Maturities Create New Buying Opportunities","byline":"Erik Sherman","summary":"Distressed sales loom amid high debt and low coverage ratios.","prettyDate":"July 11, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/3d/26/2b933d304f09aae46772f0115fa0/buying-opportunity.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Sectors","sectionName":"Multifamily","slug":"multifamily","channelUri":"sectors"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]},{"uri":"/2025/07/10/disagreement-grows-among-fed-officials-on-rate-cut-timing/","title":"Disagreement Grows Among Fed Officials on Rate Cut Timing","byline":"Erika Morphy","summary":"The tariff debate is disrupting the Fed’s policy playbook.","prettyDate":"July 10, 2025","kicker":"Analysis","image":{"uri":"https://k2-prod-alm.s3.us-east-1.amazonaws.com/brightspot/b1/0e/89779ab049e2a63ea4ff1d0fb5e9/fed-resize-jpeg.jpeg","width":"620","height":"372"},"breadcrumb":[],"primaryCategory":{"name":"","uri":"","channelName":"","channelUri":""},"allCategories":[{"channelName":"GlobeSt Market","sectionName":"National","slug":"national","channelUri":"markets"},{"channelName":"Globest Topics","sectionName":"Capital Markets","slug":"capital-markets-globest-topics","channelUri":"globest-topics"},{"channelName":"Globest Topics","sectionName":"Economy","slug":"economy","channelUri":"globest-topics"},{"channelName":"Region","sectionName":"Northeast","slug":"northeast-region-globest-markets","channelUri":"region"},{"channelName":"Kicker","sectionName":"Analysis","slug":"analysis","channelUri":""}]}]},"events":{"events":[{"eventTitle":"GlobeSt. ELITE Women of Influence (WOI) 2025","venueName":"","cleCredit":"no","description":"GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.","registrationURL":"","docUri":"/data-sources/events/GlobeSt.ELITEWomenofInfluence(WOI)2025:2024-09-03-04:00:33.xml","eventEndDate":"July 22, 2025","eventStartDate":"July 21, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Denver","learnMoreLinkFile":"https://www.event.globest.com/WomenOfInfluence","imageUri":"https://assets.swoogo.com/uploads/full/4358074-66d72c273ea79.png","imageUri2":"https://assets.swoogo.com/uploads/full/4358079-66d72c46e3ce4.png","practiceArea":["Diversity","Leadership & Management","Women of Influence"]},{"eventTitle":"GlobeSt. Multifamily Fall 2025","venueName":"","cleCredit":"no","description":"Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!","registrationURL":"","docUri":"/data-sources/events/GlobeSt.MultifamilyFall2025:2025-04-10-04:00:43.xml","eventEndDate":"October 15, 2025","eventStartDate":"October 15, 2025","industry":["Real Estate"],"audience":["Conferences","Real Estate"],"city":"Los Angeles","learnMoreLinkFile":"https://www.event.globest.com/multifamily-fall","imageUri":"","imageUri2":"","practiceArea":["Multifamily"]}],"searchParams":{"estimate":2}}},"extensions":{"DateTime":"2025-07-13T03:08:43.687699736","ResponseTime":"?","AuthorizedUser":false,"AlmContext":"AlmContext{clientIP='10.0.253.254', internalIP='true', origin='', authorizedUser='false', Chinchilla, userAccount='null', UCID=null, ipAccount='null', olyEncId='null'}","NavServiceResponse":{"message":"No Content","action":"show-404","data":"","placResultsPublic":null},"DebuggingData":null,"UsedCache":"true","DataUrl":"http://ml2.alm.com:9216/bff-services/content/get-you-may-like-for-content.xqy?naturalId=/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/&site=www.globest.com&total="},"status":200,"headers":{}},"request":{"query":"\n####\n####\n# QUERY\n# ROUTE:/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/\n####\n\n\nquery Globest__view_article_no_sitedir{articleData:\n getContent(naturalId: \"/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/\", site:\"globest.com\") {\n uri\n canonicalUrl\n generatedId\n naturalId\n recombeeId\n type\n postFormat\n kickerPresentedBy {\n \t\t label\n \t\t value\n \t\t}\n breadcrumb{\n name\n \t\turi\n }\n presentedBy\n title\n readtime\n timeToRead\n prettyModified\n prettyDateTime\n needToKnow\n byline\n nofollow\n showDisclaimer\n authors {\n name\n description\n imageLarge\n webUrl\n }\n publication\n kicker\n kickerNode {\n name\n slug\n uri\n sectionName\n }\n prettyDate\n prettyDateTime\n pubDate\n modifiedDate\n isDownload\n primaryCategory {\n channelName\n sectionName\n name\n uri\n slug\n channelUri\n }\n tags\n image {\n uri\n width\n height\n alt\n }\n embed1\n embed2\n summary\n categories {\n name\n uri\n channelName\n }\n allCategories {\n sectionName\n channelName\n } \n bodyArray\n slides {\n title\n image\n caption\n height\n width\n }\n video\n\n }\n articlePackages:\n getPackagesForArticle(docId: \"/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/\", limit: 3, publication:\"globest.com\") {\n title \n slug\n type \n summary\n cssFile\n navigations {\n name\n link\n }\n articles {\n title\n kicker\n uri\n image {\n uri\n }\n }\n\n \n }\n youmightlike:\n getYouMayLikeForContent(naturalId: \"/2025/02/06/homebuilder-warns-tariffs-could-add-29000-to-new-home-prices/\", site:\"globest.com\") {\n uri\n title\n byline\n prettyDate\n readtime\n image {\n uri\n width\n height\n }\n summary\n }\n readnext:\n getStatsList(site:\"globest.com\", topic: \"\", limit: 5, timeframe: \"3days\" ) {\n contents {\n uri\n title\n byline\n summary\n prettyDate\n kicker\n image {\n uri\n width\n height\n }\n breadcrumb{\n name\n \t\turi\n }\n primaryCategory {\n name\n uri\n channelName\n channelUri\n }\n allCategories{\n channelName\n sectionName\n slug\n channelUri\n }\n breadcrumb {\n name\n uri\n }\n }\n\n }\n events:\n getFutureEvents(\n publication: \"GlobeSt\"\n pageSize: 10\n page: 1\n ) {\n events {\n eventTitle\n venueName\n cleCredit\n description\n registrationURL\n docUri\n eventEndDate\n eventStartDate\n industry\n audience\n city\n learnMoreLinkFile\n imageUri\n imageUri2\n practiceArea\n }\n searchParams {\n estimate\n }\n }\n }"}}

Go Home

Instant Insights /

Error