Tariff-driven price uncertainty is driving fear across a vulnerable building industry
archinect.com
In a recent episode of the business news podcast Marketplace, host Kai Ryssdal discusses the tight squeeze tariffs are having on the building industry. He points to their impact on housing starts, reporting that new building permits in February declined 6.8% compared to the same time last year, and that builder confidence for new single-family homes is the lowest it has been in seven months.The CEO of Associated Builders and Contractors, Michael Bellaman, notes that though tariffs alone havent had too large of an impact yet, its the resulting price uncertainty that is affecting the industry. The fear of increasing prices has led to developers and project owners being more hesitant to follow through on projects.This insecurity is being felt by the likes of architect Dan Brunn, who is working on rebuilding homes following the Los Angeles wildfires. Brunn highlights an instance where a contractor called for a client to purchase appliances six months before being brought to the site...
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