Back in 2022-2023, rising hard construction costs killed many deals. 2024 saw hard costs come down and construction deals increased. In 2025, like it or not, we are in a new cycle. Sweeping Fed policies, political turmoil, increased stock market volatility and yes, tariffs. Jim Tobin of the National Association of Homebuilders said of the current landscape, this is “The political moment turning into a policy moment”.
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March 25, 2025
Greg Norris
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