New construction. 

However this is something that will for sure affect MF construction this year and sfr is these Tarrifs hold.In the NW I know a lot of lumber comes from CA / BC to be specific but my lumber packages for homes i build in Charleston SC are pine so I know it local wood .. but you know the lumber brokers they will gouge if they get any chance to do so

There is an abnormally low amount of new construction occurring on the coast in comparison to the demand and the existing inventory can be quite dated, especially for those coming from areas like California.

We STILL have not received our construction loan from our bank because of this DELAY in tax filings!

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Or the house construction industry in general where they build for $X and sell for $X+margin?

They offer weekly training sessions on everything from investing and construction to vendor management, cash management, market analysis, and home underwriting.

A lot more important compared to newer construction homes where you don't have to deal with certain things when it comes to either of those.Many other nuances but those are just a few that come to mind.

We had a house on the Deschutes River in the subdivision we were doing a spec new construction house in.

for all the responses, they have been very constructive.