Builders say Trump tariffs will add $7,500 to $10,000 to the cost of building a home. The outcome? More expensive or smaller houses

Quick Summary:

Trump tariffs are projected to raise the costs that go into building a single-family home in the U.S.by $7,500 to $10,000, according to the National Association of Home Builders.

That's even after saving $52,000 in costs by stockpiling 62% more Canadian lumber than usual.“The uncertainty of how long these tariffs will continue has been the most challenging aspect of our planning,” said CEO Mamta Saini.

The impact tariffs are having on consumers is already evident at Slutsky Lumber in Ellenville, N.Y.“There are not as many people getting ready for spring like they usually are,” said co-owner Jonathan Falcon.“It seems like people are just cutting back on spending.

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Article Details

Author / Journalist: Alex Veiga, Mae Anderson, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump Tariffs and trade Home builders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 12:41:04 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1255 words

Reading Time: 7 minutes read

Sentences: 4 lines

Sentence Length: 314 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27083351

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