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Tariffs on building materials from Canada and Mexico could hike U.S. home and construction costs.
Trump administration tariffs on Canadian lumber and Mexican building materials could raise home and construction costs, adding pressure to an already strained U.S. housing market with high interest rates and prices.
Despite predictions of slightly increased home sales and modest price hikes, experts like Altos Founder Mike Simonsen note that affordability remains a major issue.
Tariffs may also affect broader markets, potentially raising prices for products like avocados and auto parts while possibly boosting U.S. manufacturing.
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Los aranceles a los materiales de construcción de Canadá y México podrían aumentar los costos de construcción y de vivienda en Estados Unidos.