Trade tariffs may drive up home prices

The national Association of Home Builders is warning that the next round of trade tariffs aimed at China could target close to $10 billion of goods used in home construction. This includes approximately 6,000 imports used in the construction of new home and apartments.

The construction industry is already dealing with a 20 percent tariff on softwood lumber imports from Canada which add thousands of dollars to the cost of a single-family home.

These increases in costs is just another burden on the housing industry which is already dealing with a labor shortage causing many builders to delay or cancel projects.

Leave a Comment