The article discusses the potential impacts of tariffs on construction materials like steel and lumber on Boston's condo market. Developers are divided in their response, with some stockpiling materials in anticipation of price increases, while others remain skeptical. Additionally, deportations are predicted to strain the construction workforce, affecting project costs and timelines. Despite these challenges, Boston's real estate market is reportedly performing better than other major cities, with hopes for stabilized interest rates offering a silver lining for future developments.
Overall, Amaducci and others expect interest rates will stabilize, leading to more predictability, which is good for commercial real estate and new development.
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