As the world waits for more clarity on the Trump administration’s confusing positions on which goods are subject to tariffs and what the duty rates will be, renters and multifamily developers are caught in the same bind.
“Economic uncertainty has become a defining force in today’s housing landscape, with tariffs amplifying inflationary pressures and reshaping renter behavior,” a new analysis from RealPage Analytics stated.
It found that these actions are driving multifamily construction costs higher, triggering inflationary responses that are already reshaping traditional consumer patterns and straining consumer budgets even in traditionally resilient markets. Indeed, February this year marked the point where upward-trending inflation rates and downward-moving consumer confidence intersected.
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