Tariffs boost housing renovation costs after Zillow and others go all-in on iBuying – Delaram Art & Design

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The National Association of Home Builders said tariffs will boost housing construction and renovation costs by $2.5 billion. "In iBuying, it’s razor-thin margins anyway, so any sort of ripple in the pond has the potential to disrupt," said Mike DelPrete, a real estate strategist who tracks the iBuying market.

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Second, parking requirements are a huge cost and make low and mid income housing uneconomic based on cost of land alone these days. There was a study done, that I don’t have time to find right now, that showed if you removed all parking requirements, a $1200/mo apartment would go for $800/mo.

The National Association of Home Builders said tariffs will boost housing construction and renovation costs by $2.5 billion. "In iBuying, it’s razor-thin margins anyway, so any sort of ripple in the pond has the potential to disrupt," said Mike DelPrete, a real estate strategist who tracks the iBuying market.