Construction Market Braces for Trump Tariff Impact? The U.S. construction market is bracing for the impact of President Donald Trump’s?newly announced tariffs?on materials imported from China, Canada and Mexico. With approximately 46% of U.S. construction materials?sourced?from these countries, and 35% to 50% of total multifamily project construction costs tied to finished materials such as lumber, appliances and HVAC equipment, the tariffs are inherently inflationary. Based on these numbers, it can be reasonably estimated that material costs for multifamily construction projects could spike 7.5%, which could increase total construction budgets by 3% to 4%.? https://lnkd.in/gAUJJn_n
