REITs, Construction Industry Warn Tariffs Could Exacerbate Rising Construction Costs, Cancelled Projects

REIT executives and real estate lobbying groups say tariffs could put pressure on already rising construction costs.

Higher steel and aluminum prices resulting from proposed tariffs will likely result in higher costs for new projects such as this new office building in Washington, DC. President Donald Trump's plan to impose steep tariffs on steel and aluminum imports have sparked rising concern and dire warnings this week from architects, contractors, REITs and real estate lobbying groups who say tariffs could put more pressure on already rising building costs.

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TAGS: Development
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