{"id":88301,"date":"2024-11-14T08:53:25","date_gmt":"2024-11-14T08:53:25","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/trump-tariffs-could-result-in-homebuilder-price-increases\/"},"modified":"2025-09-19T09:03:08","modified_gmt":"2025-09-19T09:03:08","slug":"trump-tariffs-could-result-in-homebuilder-price-increases","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/trump-tariffs-could-result-in-homebuilder-price-increases\/","title":{"rendered":"Trump tariffs could result in homebuilder price increases"},"content":{"rendered":"

Donald Trump has always been vocal about his trade policies. His return to the White House for Trump could raise U.S. homebuilding costs as his proposed tariffs would likely increase prices for essential construction materials.<\/span> This echoes the impacts on housing costs from his previous term through higher tariffs on Canadian lumber.<\/p>\n

Under President Joe Biden\u2019s administration, tariffs on Canadian softwood lumber have persisted and\u00a0even doubled. This has led to mill closures and job losses in Canada along with higher costs for U.S. builders.<\/p>\n

Trump\u2019s current proposals include a 10% or 20% tariff on all imports across the board, along with an additional tariff of 60% to 100% for products imported from China. On Nov. 4, the last day of campaigning, Trump also vowed to impose a\u00a025% tariff on all Mexican goods\u00a0\u201cif they don\u2019t stop this onslaught of criminals and drugs coming into our country.\u201d<\/p>\n

Pantheon Macroeconomics\u00a0forecasters estimate that a 10% universal tariff could raise inflation by roughly 0.8 percentage points next year, adding further strain on U.S. manufacturers. According to the\u00a0Tax Foundation, a 20% tariff would increase taxes on U.S. households\u00a0by an average of $2,045.<\/p>\n

\u201cWe don\u2019t have enough details to put a fine point to it yet, but based upon the broad outlines that have been described, there\u2019s the risk it could add to the cost of housing,\u201d said Mike Fratantoni, chief economist at the\u00a0Mortgage Bankers Association\u00a0(MBA). \u201cThe most likely impact of tariffs would be to add to the cost of housing at a time that\u00a0affordability\u00a0is really a challenge.\u201d<\/p>\n

The newest\u00a0framing lumber price measure\u00a0from the\u00a0National Association of Home Builders\u00a0(NAHB) indicates steady increases, with framing lumber up 2.9% for the week ending Nov. 1 and 17.2% higher than a year ago. Sawmill curtailments and closures in North America, especially in Canada, are impacting supply as companies like\u00a0Western Forest Products\u00a0and\u00a0Canfor\u00a0reduce production due to weak demand and high U.S. tariffs.<\/p>\n

It\u2019s not just raw materials as items like garage doors, air conditioning units and dumpsters may also see price hikes. Trump\u2019s previous tariffs included up to 30% levies on steel and aluminum, raising construction costs across the board,\u00a0as reported by Voice Of America.<\/p>\n

Since the details of the tariffs aren\u2019t set in stone, Fratantoni said there are a few avenues they could create.<\/p>\n

\u201cIf there\u2019s just a tariff specific to one country, there\u2019s always the potential to source those inputs from someone else for a similar cost,\u201d he said. \u201cIf it\u2019s the broad-base tariffs, that reduces the ability to find a lower-cost input, so that\u2019s probably going to be more inflationary across the whole economy and adding more costs in the housing industry with more certainty.\u201d<\/p>\n

During Trump\u2019s first term, tariffs on Canadian softwood lumber led to a surge in costs for homebuilders. Back in 2018, the NAHB\u00a0estimated that the tariffs added nearly $9,000\u00a0to the cost of constructing a single-family home. The impact on lumber prices was dramatic, with costs rising close to 80% year over year, in part due to the taxes.<\/p>\n

Per the Tax Foundation, the Trump administration\u00a0implemented nearly $80 billion in new taxes\u00a0on Americans by imposing tariffs on thousands of products value at roughly $380 billion in 2018 and 2019 \u2014 one of the largest tax hikes in decades.<\/p>\n

Ryan Tatro, owner of Connecticut-based\u00a0RT Construction & Maintenance LLC, said that he\u2019s optimistic about construction costs despite the looming news of tariffs.<\/p>\n

\u201cDuring the Biden administration, my revenue dropped 21%,\u201d Tatro said. \u201cCosts have just gone up and there was a shortage of workers. Five years ago, interest [rates] were lower; materials were a lot lower. For example, a sheet of OSB plywood four years ago was $9, and it\u2019s gotten up to almost $50.\u201d<\/p>\n

Tatro said that he and his colleagues in construction have hope, but he admits he doesn\u2019t know what could happen in the next year.<\/p>\n

\u201cIt\u2019s really affected builders because you give a price on a job, and back in the day, you could give a customer a 60-day window. Now, you\u2019re literally giving people five days because prices fluctuate so much,\u201d he said.<\/p>","protected":false},"excerpt":{"rendered":"

Donald Trump has always been vocal about his trade policies. His return to the White House for Trump could raise U.S. homebuilding costs as his proposed tariffs would likely increase prices for essential construction materials. This echoes the impacts on … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":96453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4716],"tags":[],"class_list":["post-88301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-trends"],"acf":[],"yoast_head":"\nTrump tariffs could result in homebuilder price increases - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/trump-tariffs-could-result-in-homebuilder-price-increases\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump tariffs could result in homebuilder price increases - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Donald Trump has always been vocal about his trade policies. 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