News
September 01, 2017
Houston’s Rebuilding Could Cause Construction Costs To Rise Nationwide
Brace yourselves. Hurricane Harvey will fuel higher construction costs far from the affected area.
Arnall Golden Gregory partner Orlando Cabrera told the audience at Bisnow’s Atlanta Affordable Housing event Wednesday morning that he expects construction costs across the board to rise as a result of the Houston recovery.
During an interview following his panel appearance, Cabrera said he expects the cost of everything from labor to materials to rise over the next 24 months. “Everything will be affected,” he said to Bisnow. “You’re going to see a flow of labor to Houston.”