Senior Housing Developers Talk Impact Of Steel Tariffs

By Published On: April 16, 2018Categories: Commercial Real Estate News, TJ Client NewsComments Off on Senior Housing Developers Talk Impact Of Steel Tariffs

Rising labor costs aren’t the only thing putting a strain on construction budgets. President Trump’s tariffs on steel and aluminum could also have an impact across all sectors, including senior housing. When Senior Housing News wanted to know how developers in the industry are reacting, we connected a reporter with Taylor Johnson clients Evergreen Real Estate Group and Pathway to Living. In the resulting feature, Evergreen explained how the firm is looking at alternative methods and materials to mitigate the potentially higher expenses. Similarly, Pathway discussed its strategy of locking in material prices today before they rise even higher.

Matt Krummick, director of real estate development at Pathway to Living, pointed out that it’s not just the cost, but also the scarcity of materials that can hinder construction projects.

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