2019 Sep 7, 6:42am
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Building costs are low.
:Fortwaynemobile saysBuilding costs are low.Even if costs of materials had gone from zero to 30K, it still would be a 20 - 30K increase, and not good. Thanks Trump.
The tariffs against China increased from 10% to 25% in May on about 500 items involved in housing, such as appliances, nails, lighting, laminate, tile, cabinets and other common finishes in housing made from aluminum, steel and lumber.The home builders association estimates the tariffs will ultimately cost home buyers $2.5 billion per year nationwide. Facing those costs, builders such as Fitzpatrick have to find other materials to use in homes or pass the charges directly on to their customers — those looking to build or renovate their homes.
Even their screws are cheap and flimsy.
Tile is $0.80 per sf.
Fortwaynemobile saysTile is $0.80 per sf....for the absolute shittiest tile the hardware store sells. You need to be at $4+ per square for tile, otherwise don't invite me to your house as you'll have to clean up my puke on your 0.80 cent tile.Joking aside, you are correct though. Building materials are not as big a part of the budget in building homes. So the tariffs alone "maybe" could increase the cost of building a percent or two. Statistically it's not important really as most builders understand that the profit margins are in acquisition by default and not materials. Any builder using that as an excuse is full of shit and ultimately is trying to pass on higher labor costs (or poor acquisition), which is the true factor in increased building costs. Easier to blame materials instead of other humans getting paid more. Also, cheap BUT good labor is harder to come by wh...
Even if costs of materials had gone from zero to 30K, it still would be a 20 - 30K increase, and not good.