When it comes to construction, virtually all costs are tied to either materials or labor. Now that the steel tariffs have been in place for almost seven months, the question everyone is asking is, “What does this mean to the cost of my construction project?”
Over the past several years, the Los Angeles and Orange County markets have enjoyed a healthy amount of foreign investment. According to industry experts, this influx is expected to continue over the next several years.
2017 started off strong, which created industry-wide expectations of construction spending throughout the year. Since March, construction spending has steadily declined, until a modest increase in this month’s report.