The article discusses the implications of President Trump's recent tariffs on Mexico and Canada, particularly focusing on the construction industry. While a one-month pause on automobile tariffs was granted, the 25% duties imposed on other goods have raised concerns for homebuilders, who heavily depend on materials sourced from these countries, including gypsum and lime. The National Association of Home Builders (NAHB) has expressed opposition to these tariffs, fearing increases in housing costs. Overall uncertainty in trade policy is affecting market stability and builders' confidence.
According to the National Association of Home Builders (NAHB), more than 70% of gypsum and lime is sourced from Mexico, making any tariffs significantly impactful.
The daily changes in tariff policy have generated hefty swings in the stock market and are damaging homebuilders' outlook on the housing market.
While the pause gives temporary relief, it does not provide the certainty needed for homebuilders and the broader economy to effectively organize and operate their businesses.
Trump's implementation of a one-month delay in tariffs came as part of concessions related to immigration and fentanyl trafficking, raising questions about trade strategies.
Collection
[
|
...
]