Why Construction Costs are so High in San Diego
The cost of construction has been skyrocketing in the United States. However, the price is higher in San Diego and other parts of California than in any other region in the US. These costs have made renting and acquiring a new home more expensive. Generally, construction costs are determined by the forces of supply and demand; but other factors also influence the rising costs of construction in San Diego. Here are the factors making the costs of construction very high in San Diego: Tariffs More than two-thirds of building costs are incurred on labor and materials. The prices of building materials and labor are very high in San Diego and are on the rise. These costs have increased due to the imposed tariffs and the strict building codes in San Diego. The tariffs have significantly increased the costs of steel, concrete, and timber, thereby increasing the costs of producing lumber, tile, cabinets, and other household appliances. The standard building codes require more ...