In construction projects, deadlines are key. Property owners want to know when their project will be completed, and contractors want to know how long they have to get their permits, order materials, deploy subcontractors, and do everything else that goes into satisfying an owner’s deadlines.
As with the prior tariffs, recent changes could lead to higher costs for building materials, supply chain disruptions and challenges in budgeting and project timelines for those in the construction and real estate development industries.
On April 2, 2025, President Donald Trump announced a broad set of new and increased tariffs on imported goods from around the world — including key materials commonly used in construction and real estate development. These changes could lead to higher costs for building materials, supply chain disruptions, and challenges in budgeting and project timelines.