Good morning wonderful professionals, I hope everyone is well. Now that the tariffs are live, let’s dive in the real estate components that will be affected.
New tariffs on essential construction materials are expected to drive up costs for both residential and commercial projects. Materials such as aluminum conduit, structural steel, lumber, and steel decking have already been experiencing inflationary pressures, with price increases of up to 12.5%...Good morning wonderful professionals, I hope everyone is well. Now that the tariffs are live, let’s dive in the real estate components that will be affected.
New tariffs on essential construction materials are expected to drive up costs for both residential and commercial projects. Materials such as aluminum conduit, structural steel, lumber, and steel decking have already been experiencing inflationary pressures, with price increases of up to 12.5% for aluminum and 11.2% for steel decking over the past year. These additional tariffs are expected to further compound these rising costs, making construction more expensive across the board.
The impact on material costs is projected to be significant, with tariffs adding another 8–30% in expenses. As a result, steel decking could see cumulative price increases of up to 29.2%, while lumber costs may rise by 23.8%, according to industry reports from Construction Dive and NAHB. For residential construction, this could translate to an added $17,000–$22,000 in the cost of building a new home. With affordability already strained due to high mortgage rates and low housing supply, these increases will further challenge prospective buyers and homebuilders alike.
On the commercial side, the tariffs are expected to raise material costs for industrial and office projects by 14–18%, tightening developer margins and potentially stalling new projects. The higher costs could slow overall construction activity, leading to fewer new developments and delays in large-scale projects. As a result, the real estate market may experience reduced housing inventory growth and a slowdown in commercial construction, impacting economic activity and investment in the sector.
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(Yeah, you know me!)"To the left, to the left. All the LVP in the box to the left. Don't you ever for a second get to thinking you're irreplaceable." Bey(ish)"Get on the floor." J. Lo "Rock it. Don't stop it. Everybody get on the floor." Ciara"Just know you're not alone. We're gonna make this place your home." Phillip Phillips"I get to come home to you." John Michael Montgomery"Honey, I'm home, and I've had a hard day" Shania"Ooooo, in my h ...
The demand for student housing may be changing, but one thing hasn't: students still need a place to live. Off-campus apartments are more than just a backup plan—they're often the preferred option. The key? Reaching students where they are, speaking their language, and offering them something they actually want.Here are some creative ways to market your student apartments without sounding like everyone else. 1. Show Up Where Students Scroll Gen ...
Without diving into the politics of it, how do you think the tariffs are going to affect multifamily?
Feel free to expand in the comments. For example, clearly construction and development is going to be much differently impacted than other parts of multifamily.
This has been the hardest week for me. I'm at the point where I am considering letting go of my career goals. My passion and dedication aren't enough in this industry. Either I "play the game" or remain a puppet. Not everyone will understand this... but those who do, what do we do?
Gerry Hunt is friends with Sarah Lukemire
When recession fears rise, budget cuts often follow—and education directors are being asked to make hard choices. Training programs frequently top the list of cuts, especially those perceived as non-essential or deferrable. At first glance, trimming fair housing training may seem like a logical decision. But beneath the surface, that cut often becomes a costly shift—moving risk and liability into a company's blind spot.Fair housing training isn't ...
Does anyone use a decibel meter for noise complaints in apartments? If so, do which one do you use, and what do you consider an acceptable level?
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I get that most PET owners think of their four-legged furries as part of the family. But this is entirely different from an assistive animal, support animal, service animal. Groups like this one are harming the industry and ultimately the renters that they proclaim to be helping skirt the system.
The Strategic Integration of Brand Identity and Interior Design in Multifamily PropertiesIn today's competitive multifamily housing market, the integration of branding and interior design has become essential for property success. This strategic alignment creates immersive living experiences that not only attract ideal residents but also increase retention rates and property value. In collaboration with MaxRent Designs, we explore how this powerf ...
Hi, I have a resident that wants to change the flooring in her apartment from carpet to LVP. I could use some advice on how to handle this please.
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Recently found out that no screening provider pulls from a federal level, only national level for criminal background. Federal is an option, however the credentials only searching by the name don’t give the best results so they choose not to do it. What does your policies look like when knowing you’ve had a conversation with someone that has a criminal past not show up on the national level but a quick google search will provide an article?
I’ve been preaching this to my clients lately — now more than ever, property owners need solid maintenance protocols in place.
With some policies reducing the prompt payment clause to just 180 days, it’s critical to act fast after a storm. If your property has taken any damage, don’t wait — get it inspected.
That’s why we now offer pre-loss inspections and a full assessment of what your policy requires before you ever need to file a claim.
✅ Be...I’ve been preaching this to my clients lately — now more than ever, property owners need solid maintenance protocols in place.
With some policies reducing the prompt payment clause to just 180 days, it’s critical to act fast after a storm. If your property has taken any damage, don’t wait — get it inspected.
That’s why we now offer pre-loss inspections and a full assessment of what your policy requires before you ever need to file a claim.
✅ Be proactive
✅ Document properly
✅ Know your responsibilities
It’s not just about being covered—it’s about being prepared.
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In today's rental housing landscape, high-vacancy markets can feel like quicksand for property managers and owners. Just when you think you've gained solid footing with your marketing strategy, the ground shifts beneath you as new developments open their doors or economic factors change the game.Recent industry data shows occupancy benchmarks dropping in many markets, with some regions seeing vacancy rates climb past 15%. This isn't just a statis ...
What do y’all store your past resident files in? I’ve been doing bankers boxes. Any other suggestions?
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