California's construction industry is concerned about potential disruptions to building materials pricing due to proposed tariffs of 25% on imports from Canada and Mexico, set to take effect February 1. Companies like Ganahl Lumber Co. are apprehensive, as these tariffs could lead to higher costs for essential materials, thereby delaying or scaling down construction projects. The industry argues this may hamper recovery efforts, particularly in areas rebuilding from wildfires, as increased costs are likely to be passed onto consumers, compounding an already challenging market environment.
California's building industry is bracing for price hikes in construction materials due to potential 25% tariffs on imports from Canada and Mexico.
Executives fear these tariffs could lead to postponed projects, as the increased costs make it difficult for builders and developers to absorb prices.
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