How Trump’s Proposed Tariffs Could Shape New-Home Prices

Thursday, November 21, 2024

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According to a recent article by Realtor.com, concerns about rising costs in new-home construction under President-elect Donald Trump’s proposed tariffs appear to be overstated, according to experts. With only 10% of residential construction materials imported and many builders already shifting supply chains to tariff-free regions, the direct impact on home prices is expected to be minimal. Instead, industry professionals argue that high interest rates and supply chain disruptions are more pressing issues influencing affordability.

Even a steep tariff on Canadian lumber—one of the largest imported components—would likely only affect short-term costs. Over time, increased domestic production could stabilize prices. Builders in early development phases may absorb potential cost hikes through land price adjustments, leaving end-home prices relatively unaffected.

To explore how tariffs could influence housing affordability, check out the full article on Realtor.com.

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How Trump’s Proposed Tariffs Could Shape New-Home Prices

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