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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Replying to @PinkPoloShorts
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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Replying to @Molson_Hart
They're getting absolutely killed by the steel tariffs, and wood has been a big driver as well
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Replying to @PinkPoloShorts
Wow - unexpected. Trump, crushing RE. Fascinating.
12:02 PM - 11 Apr 2019
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