Trump's commercial rates could squeeze $ 20,000 more from California homeowners & # 039;

ARCHIVE - In this file photo of October 14, 2017, an aerial view shows the devastation of the Coffey Park neighborhood after the Tubbs fire swept through Santa Rosa, California. President Donald Trump's tariffs on imported construction materials are making it more costly to rebuild homes lost because of wildfires and other natural disasters. Taxes come at a time when several other factors are also raising construction costs. (AP Photo / Marcio Jose Sanchez, Archive)

Add this to the challenges faced by California forest fire victims: Rates.

The import duties imposed by President Donald Trump are adding thousands of dollars to the cost of housing construction.

That especially squeezes owners looking to rebuild quickly after losing their homes due to natural disasters, such as forest fires in California's scorching parts.

ARCHIVE - In this file photo of October 14, 2017, an aerial view shows the devastation of the Coffey Park neighborhood after the Tubbs fire swept through Santa Rosa, California. President Donald Trump's tariffs on imported construction materials are making it more costly to rebuild homes lost because of wildfires and other natural disasters. Taxes come at a time when several other factors are also raising construction costs. (AP Photo / Marcio Jose Sanchez, Archive)

Aerial view shows the devastation of the Coffey Park neighborhood after a wildfire devastated in Santa Rosa, California (October 14, 2017)

President Donald Trump's tariffs on imported construction materials make it more costly to rebuild houses lost due to forest fires and other natural disasters

President Donald Trump's tariffs on imported construction materials make it more costly to rebuild houses lost due to forest fires and other natural disasters

President Donald Trump's tariffs on imported construction materials make it more costly to rebuild houses lost due to forest fires and other natural disasters

  An official with the building association said the rates could raise the price of a typical new home in California by up to $ 20,000.

  An official with the building association said the rates could raise the price of a typical new home in California by up to $ 20,000.

An official with the building association said the rates could raise the price of a typical new home in California by up to $ 20,000.

Trump administration fees have increased the cost of imported lumber, drywall, nails and other key construction materials.

An official with the building association said the rates could raise the price of a typical new home in California by up to $ 20,000, and could be more for individual homes that are custom built in a short time.

That could be enough to prevent some people with inadequate home insurance from rebuilding or forcing them to consider a smaller home.

Other factors are also making housing construction more expensive, including the shortage of workers and the increase in demand

Other factors also make housing construction more expensive, including the shortage of workers and the increase in demand that has raised the price of materials produced in the USA. UU The difference with the increase in costs related to tariffs is the direct result of a change in government policy.

"This comes at a bad time if you just razed your neighborhood in the middle of a firestorm," said Jock O & # 39; Connell, international trade advisor at Beacon Economics in California.

Wildfires have destroyed thousands of homes in California in the last two years, including 1,200 so far this year.

It is not just the victims of forest fires in the West who have to deal with higher construction costs. Last year, Hurricane Harvey flooded 300,000 structures in Texas.

Trump has imposed import duties on a range of products as a way to strike back at business partners who, according to him, have not treated the US. UU Fairly. Its movement has unleashed a trade war, with other nations raising tariffs on US goods. UU In retaliation.

Tariffs are now just over 20 percent on imported Canadian timber and 25 percent on steel imported from certain nations, as well as on a long list of products from China.

Rob Dietz, chief economist of the National Association of Homebuilders, said that typically the price of labor, interest rates and land availability are the main variables that determine the cost of new housing construction, and The price of materials and local rates also effect.

"Now, wood and work are the best two," he said.

  Wildfires have destroyed thousands of homes in California in the last two years, including 1,200 so far this year

  Wildfires have destroyed thousands of homes in California in the last two years, including 1,200 so far this year

Wildfires have destroyed thousands of homes in California in the last two years, including 1,200 so far this year

  The rates are also increasing the cost of appliances, drywall and solar panels, which will be required in all new homes in California after two years.

  The rates are also increasing the cost of appliances, drywall and solar panels, which will be required in all new homes in California after two years.

The rates are also increasing the cost of appliances, drywall and solar panels, which will be required in all new homes in California after two years.

Construction workers, from the left, Mario Camacho, Armando Guzmán and José Caranco work in a house in the Coffey Park neighborhood of Santa Rosa, California (August 2018)

Construction workers, from the left, Mario Camacho, Armando Guzmán and José Caranco work in a house in the Coffey Park neighborhood of Santa Rosa, California (August 2018)

Construction workers, from the left, Mario Camacho, Armando Guzmán and José Caranco work in a house in the Coffey Park neighborhood of Santa Rosa, California (August 2018)

I know. UU They import about a third of their softwood, mainly from Canada. Among other things, it is used to build wooden frames for new houses.

President Dan Dunmoyer of the California Construction Association said contractors tell him that rates alone could add $ 8,000 to $ 10,000 to wood costs for a typical single-family home and almost the same amount for steel products. like nails, other fasteners and wire mesh.

The rates are also increasing the cost of appliances, drywall and solar panels, which will be required in all new homes in California after two years.

Asked about the impacts of tariffs on construction materials, White House spokeswoman Lindsay Walters did not respond directly. In an email, he said, "instead of retaliating, China should address long-standing concerns about its unfair business practices."

APM Homes is rebuilding 50 homes destroyed by a fire last October in the Coffey Park neighborhood of Santa Rosa, north of San Francisco. The project manager, John Allen, said the reconstruction costs have not increased as much as the building association predicts, but they said they could do it on time.

Even relatively small price increases can affect homeowners, Allen said. "They are already maximizing their insurance," he said.

Many owners have policies that do not guarantee rebuilding a home at the current replacement cost, but rather an amount tied to an outdated estimate.

Many owners have policies that do not guarantee rebuilding a home at the current replacement cost, but rather an amount tied to an outdated estimate.

Many owners have policies that do not guarantee rebuilding a home at the current replacement cost, but rather an amount tied to an outdated estimate.

A firefighter watches as the Sacred Fire burns in the Cleveland National Forest along a hillside in the Temescal Valley in Corona, California, Thursday, August 9, 2018

A firefighter watches as the Sacred Fire burns in the Cleveland National Forest along a hillside in the Temescal Valley in Corona, California, Thursday, August 9, 2018

A firefighter watches as the Sacred Fire burns in the Cleveland National Forest along a hillside in the Temescal Valley in Corona, California, Thursday, August 9, 2018

Unrestrained firefighting of the firefighter's battle as trees burn near Yosemite National Park on August 6, 2018.

Unrestrained firefighting of the firefighter's battle as trees burn near Yosemite National Park on August 6, 2018.

Unrestrained firefighting of the firefighter's battle as trees burn near Yosemite National Park on August 6, 2018.

The president of the California Construction Industry Association, Dan Dunmoyer, said contractors tell him that rates alone could add $ 8,000 to $ 10,000 to timber costs.

The president of the California Construction Industry Association, Dan Dunmoyer, said contractors tell him that rates alone could add $ 8,000 to $ 10,000 to timber costs.

The president of the California Construction Industry Association, Dan Dunmoyer, said contractors tell him that rates alone could add $ 8,000 to $ 10,000 to timber costs.

Insurance policies are another potential obstacle for homeowners who want to rebuild and face rising construction costs.

Many homeowners have policies that do not guarantee rebuilding a home at the current replacement cost, but rather an amount tied to an outdated estimate or the value of the mortgage.

In a survey of a group of Californians who lost their homes in fires last year, Roadmap to Recovery, a project of United's insurance policyholder group, discovered that two-thirds of respondents did not have enough insurance to cover the total cost of reconstruction. The majority of that group was short for at least $ 100,000.

Those are the owners most affected by tariffs on construction material and other factors that increase the cost of reconstruction.

California lawmakers, who reacted to reports of forest fire victims with inadequate insurance coverage to rebuild, gave final approval this week to a consumer protection bill. It would require insurers to tell owners every two years how much it will cost to replace their home at current prices, giving owners the opportunity to increase their coverage.

The rising construction costs are already affecting some of Debbie's and Rick Serdin's neighbors in the Coffey Park neighborhood of Santa Rosa.

They said a neighbor is replacing a two-story house with a one-story model because their insurance coverage was not enough to rebuild the house they had. Others are selling their lots, taking their insurance checks and looking to start somewhere else.

The couple had to touch the coverage of their insurance policy on the contents of their home and are using a large housing construction company instead of an independent contractor to make their reconstruction affordable for them. His two-story home was purchased for the first time by Rick's mother more than 30 years ago.

Debbie Serdin, a veterinary technician whose husband works at The Home Depot, said he has been watching an increase in construction prices for neighbors who have waited to begin the rebuilding process.

"Do not put it off," he said. "The longer you wait, the more it will cost."

Rick Kincaid reacts when he finds his childhood toy while checking the charred remains of his house burned in the Carr fire on Saturday, August 11, 2018 in Redding, California.

Rick Kincaid reacts when he finds his childhood toy while checking the charred remains of his house burned in the Carr fire on Saturday, August 11, 2018 in Redding, California.

Rick Kincaid reacts when he finds his childhood toy while checking the charred remains of his house burned in the Carr fire on Saturday, August 11, 2018 in Redding, California.

Alyson Kohl wipes her face while combing the charred remains of her burned house in the Carr fire on Saturday, August 11, 2018 in Redding, California.

Alyson Kohl wipes her face while combing the charred remains of her burned house in the Carr fire on Saturday, August 11, 2018 in Redding, California.

Alyson Kohl wipes her face while combing the charred remains of her burned house in the Carr fire on Saturday, August 11, 2018 in Redding, California.

(function() {
var _fbq = window._fbq || (window._fbq = []);
if (!_fbq.loaded) {
var fbds = document.createElement(‘script’);
fbds.async = true;
fbds.src = “http://connect.facebook.net/en_US/fbds.js”;
var s = document.getElementsByTagName(‘script’)[0];
s.parentNode.insertBefore(fbds, s);
_fbq.loaded = true;
}
_fbq.push([‘addPixelId’, ‘1401367413466420’]);
})();
window._fbq = window._fbq || [];
window._fbq.push([“track”, “PixelInitialized”, {}]);
.