US Edition'Tariff hokey pokey' is making things difficult for the construction industry
- Rising steel and lumber prices are increasing construction costs for projects like WarHorse Gaming's Lincoln casino, with an estimated $6 million additional cost for the project, noted by CEO Lance Morgan.
- The National Association of Home Builders reported that tariffs have raised average home building costs in the U.S. By $9,200, with Nebraska seeing increases of about $2,000 to $4,000, according to Scott Schneider.
- The BC Lumber Trade Council warned that new U.S. Tariffs on Canadian softwood lumber could lead to increased costs for residential construction, especially in states recovering from natural disasters.
- The U.S. Lumber Coalition asserted that the impact of lumber prices on overall home costs has been exaggerated and attributed rising housing prices to factors like labor costs, as stated by executive director Zoltan van Heyningen.
17 Articles
17 Articles
Construction Firms Brace for Increased Costs
President Trump's new tariffs, particularly those impacting China, are significantly affecting the price and availability of construction materials in the United States, creating volatility and reshaping the industry landscape.
Omaha World-Herald
Tariffs' impact on construction costs could hurt progress on Lincoln casino, housing
Rising steel and lumber prices due to tariffs are increasing the price of construction not only for companies working on large-scale projects like WarHorse but homebuilders, too.
DFW homebuilders 'brace for impact' of tariffs at already challenging time
Homebuilders in Dallas-Fort Worth are navigating a complex landscape of rising material costs and global trade policy — some may consider pausing land purchases or new home starts, according to one source. Margins will be thinner and builders are looking at options to "value engineer" their way to profitability. Read on to see what tariffs will mean to this critical industry and, eventually, buyers.
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