California Builders Warn of Cost Increases from Trump Tariffs

California's building industry is bracing for significant price hikes on construction materials due to impending 25% tariffs on Canadian and Mexican imports, set to take effect on February 1. Lumber suppliers, like Anaheim's Ganahl Lumber, which sources 20% of its wood from Canada, are particularly concerned, suggesting that costs could rise by $35,000 to $45,000 for new homes. The tariffs are expected to increase prices for essential materials such as lumber and steel, complicating rebuilding efforts in regions affected by recent fires. Industry leaders fear that these tariffs could delay projects and make construction less affordable, especially in wildfire recovery areas. While the Trump administration argues that tariffs will boost U.S. production, builders warn that the added costs will likely be passed on to consumers. Experts are advising clients to prepare for rising expenses and consider alternative materials to mitigate the impact.