US EditionHome Builders Are Struggling to Add New Homes Amidst Tariffs and Economic Uncertainty
- Homebuilders reported a decline in single-family home construction and permits in April across the U.S., according to Census Bureau data.
- This reduction stems from increased tariffs on Canadian lumber and rising mortgage rates near 7%, which have raised construction costs significantly.
- Builder sentiment hit its lowest point in 18 months in May, while lumber tariffs averaging 14.5% but possibly rising to 34% are driving up costs by about $11,000 per home.
- Alex Yost expressed concerns that the introduction of tariffs could limit available options, contributing to instability in supply and pricing.
- These conditions have slowed home sales and completions, suggesting continued market uncertainty that could limit new housing availability and affordability.
14 Articles
14 Articles
NAHB Members Cite Impact of Tariff Uncertainty on Home Building
Tariff uncertainty from the Trump administration continues to impact home builders across the country, as builders prepare for potential price hikes and supply chain issues. NAHB members have been sharing the impact that these tariffs are having with media outlets across the United States.
Expert: Market Momentum Is Slowing – But Trusted Real Estate Professionals Are Rising
Canada’s real estate market is navigating one of its most uncertain chapters in years. Interest rates are softening, but affordability remains out of reach for many. Inflation is still a concern, consumer confidence is fragile, and global tensions continue to shape economic uncertainty. In this kind of environment, real estate decisions are no longer just transactional – they’re deeply personal and increasingly high-stakes. Today’s buyers and se…
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