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    Hurricane Florence's flooding in North Carolina will add additional costs of reconstruction due to rising material prices from Trump administration tariffs. Home builders and contractors say the tariffs will increase prices of lumber, steel, aluminum, and other materials by 20-30%, which are already up significantly from a year ago. The tariffs on Chinese imports next week will also affect countertops, furniture, and gypsum, further driving up construction costs. Builders are particularly hurting from the 40% increase in wood prices in the past year due to tariffs on Canadian softwood lumber and supply shortages.

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    Hurricane Florence's flooding in North Carolina will add additional costs of reconstruction due to rising material prices from Trump administration tariffs. Home builders and contractors say the tariffs will increase prices of lumber, steel, aluminum, and other materials by 20-30%, which are already up significantly from a year ago. The tariffs on Chinese imports next week will also affect countertops, furniture, and gypsum, further driving up construction costs. Builders are particularly hurting from the 40% increase in wood prices in the past year due to tariffs on Canadian softwood lumber and supply shortages.

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    © All Rights Reserved
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    38 views1 page

    New Doc 2019-04-03 21

    Uploaded by

    api-421740739
    Hurricane Florence's flooding in North Carolina will add additional costs of reconstruction due to rising material prices from Trump administration tariffs. Home builders and contractors say the tariffs will increase prices of lumber, steel, aluminum, and other materials by 20-30%, which are already up significantly from a year ago. The tariffs on Chinese imports next week will also affect countertops, furniture, and gypsum, further driving up construction costs. Builders are particularly hurting from the 40% increase in wood prices in the past year due to tariffs on Canadian softwood lumber and supply shortages.

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    © All Rights Reserved
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