Trump tariffs could result in homebuilder price increases

Donald Trump has always been vocal about his trade policies. His return to the White House for Trump could raise U.S. homebuilding costs as his proposed tariffs would likely increase prices for essential construction materials. This echoes the impacts on housing costs from his previous term through higher tariffs on Canadian lumber. Under President Joe Biden’s administration, tariffs on Canadian softwood lumber have persisted and even doubled. This has led to mill closures and job losses in Canada along with higher costs for U.S. builders. Trump’s current proposals include a 10% or 20% tariff ...