The LA Cost Ceiling Didn't Break. It Just Moved.
Hard-cost inflation in multifamily has not reverted. It has rotated — from lumber and metals into labor, soft costs, and the slow tax of municipal delay.
Hard-cost inflation in multifamily has not reverted. It has rotated — from lumber and metals into labor, soft costs, and the slow tax of municipal delay. Five active jobs, five honest invoices, one conclusion the trade press is missing.
BY DAVID SAFAI · EDITOR & PUBLISHER · APR. 9, 2026 · 14 MIN READ
