The article discusses the implications of newly imposed tariffs by the Trump administration, following a pause on tariffs affecting Mexican and Canadian goods. This ongoing tariff situation creates fear and concern among homebuilders who rely significantly on imports from these countries. The uncertainty surrounding labor supply due to deportations of undocumented migrants may lead to increased construction costs. Additionally, regulations play a substantial role in building expenses, further complicating the landscape for homebuilders, who are at the mercy of fluctuating trade policies and labor market conditions.
Tariffs add uncertainty for homebuilders, following the Trump administration's mixed signals on immigration policies and their economic implications for construction.
The impact of potential mass deportations on undocumented labor could significantly elevate construction costs and slow down project timelines.
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