Trump's proposed tariffs on imports, including a 10-20% across-the-board tariff and steep tariffs on Chinese goods, could significantly increase U.S. housing costs and inflation.
The Tax Foundation warns that a 20% tariff could raise average American household taxes by $2,045, complicating affordability issues in housing markets.
Mike Fratantoni from the MBA cautions that the risk of tariffs adding to housing costs comes at a time when affordability is already a significant challenge.
The National Association of Home Builders reports climbing prices for framing lumber, with a 2.9% increase over one week, highlighting the effect of ongoing supply chain issues.
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