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News in English (USA) / 17.03.2025 / 23:00

Impact of Tariffs on Housing Costs and Builders

Recent tariffs imposed on lumber and appliances are setting the stage for a significant increase in the costs of new homes and remodeling projects across the United States. Builders are reporting that these tariffs could add over $9,000 to the price of a new home, and some estimates suggest that the average cost could rise by as much as $10,000. In response, many builders are stockpiling lumber or looking for alternative materials to mitigate the financial impact. Despite these challenges, some industry leaders express confidence, stating they will find ways to adapt. However, the general sentiment indicates rising apprehension regarding higher construction material prices and their implications for homebuyers, particularly in already expensive markets like the Bay Area and Texas.
The Associated Press, CBS News, The Wall Street Journal, Yahoo Finance, CNBC, Business Insider, Construction Citizen, Oneonta Daily Star, Construction Equipment, Imperial Valley Press