Tariffs on Canadian and Mexican building materials may raise U.S. construction and home costs, worsening housing affordability.

Trump's tariffs on building materials from Canada and Mexico could raise home and construction costs in an already strained U.S. housing market. The tariffs, including a 25% tax on Canadian softwood lumber, add to pressures from high mortgage rates and expensive homes. Housing expert Mike Simonsen predicts home sales will slightly increase to 4.2 million units in 2025, with prices rising by 3.5%, but notes affordability remains a big issue. Meanwhile, KeyBanc predicts a 25% upside for Zillow, citing the company's app innovation.

1 month ago
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