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flag Tariffs on building materials raise U.S. home construction costs by $7,500 to $10,000, hitting homebuyers.

flag Tariffs on imported building materials from Canada, Mexico, and China have increased the costs of residential construction and remodeling in the U.S. flag The National Association of Home Builders projects that these tariffs could raise the costs of building a single-family home by $7,500 to $10,000, with these costs typically passed on to homebuyers. flag This could lead to higher home prices and potentially reduce demand in the already sluggish housing market. flag The timing of these tariffs, coinciding with the busiest time of year for home sales, is particularly challenging for builders and remodelers.

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