Spoke with a multifamily developer today who said that his construction costs have grown 20%+ in the past two years making it almost impossible for new dev deals to pencil. Not a news flash, but another data point confirming what we've all been seeing
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various Mid Atlantic markets
Labor constraints (wage increases) or increased regulation? I'm not in the industry, just curious. Surely building is slowing down now?!
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They're getting absolutely killed by the steel tariffs, and wood has been a big driver as well
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Wow - unexpected. Trump, crushing RE. Fascinating.
End of conversation
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