According to the CRH Americas website, the overall construction cost in the United States will continue to increase by 2-3% in 2018 on the basis of last year's 3% increase. Among them, the cost of building materials such as stone, labor wages, building boards, cement and timber will rise by more than 3%.
For ordinary residential buildings, the impact of the increase in the cost of building materials is very obvious. Dan Dunmoyer, president of the
California Construction Industry Association, said that after the government imposed tariffs, the cost of steel and wood for a new house in California (including a house with four bedrooms and two bathrooms) increased by about $10000, and the combined tax and fee added up to $20000. It accounts for about 5% -6% of the construction cost of ordinary housing. According to the
National Association of Home Builders (National Association of Home Builders), about $10 billion of imported building materials from China are on the latest list of tax increases, which are now 10% and will rise to 25% by the end of this year. This is equivalent to a tax increase of $2.5 billion on the US construction industry. Justin Sullivan, who manages home improvement projects
in Washington, D.C., says the cost of home improvement has risen at a rate and a rate he has never seen in more than a decade of his career.
Sullivan said some new customers are already competing with each other to finish projects before taxes rise again, and construction workers and contractors are feeling more pressure than ever to meet deadlines.
According to Dow Jones, the rising cost of construction in the United States caused by the trade war has a greater impact on low-end housing. Although
high-end residential buildings are less affected, builders still try to adjust the architectural design scheme in order to save costs as much as possible.
Related News:
Tax 25%! In order to safeguard China's legitimate rights and interests, the Chinese government, in accordance with laws and regulations such as the Foreign Trade Law of the People's Republic of China and the basic principles of international law, formally involved in the Sino-US trade war involving pebbles, gravel, dolomite, granite and other products
, has continued to violate its international obligations against China. Tariffs ranging from 25% to 5% will be imposed on about 60 billion US dollars of commodities originating in the United States. Many of the commodities involve sand and stone, which are subject to a 25% tariff. The relevant commodities are as follows:
No.195, tariff number 25059 000, commodity name: other natural sand, whether colored or not;
No.204, tariff code 25152000, commodity name: other calcareous building stone;
No.205, tariff code 25161100, commodity name: original or roughly trimmed granite;
No.206, nomenclature 25161200, trade name: rectangular or square granite;
No.208, nomenclature 25169 000, trade name: other stone for monument or building purposes, whether or not roughly trimmed or cut into rectangular slabs; 25171000 under Tariff No.
209; trade names: pebbles, gravel and crushed stone, pebbles and flints, whether or not heat-treated, normally used as aggregate for concrete, for road-paving, for railway foundations, or for other foundations; 25174900 under tariff code No.
210, names of goods: crushed grains, chips and powders of all kinds of stone, other than marble, whether or not heat-treated, of headings 2515 and 2616;
S/N 211, Tariff Series 25181000, Trade Name: Dolomite, uncalcined or sintered, whether or not roughly trimmed or cut into rectangular slabs.
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