Trump’s Tariffs Could Drive New Home Costs Up by $9,000, Builders Warn

Building or renovating a home in the U.S. may become significantly pricier thanks to President Trump’s tariff policies, which could raise construction material costs by an estimated $9,200 for a typical home. The National Association of Home Builders (NAHB) highlights that rising tariffs on imports from Canada, Mexico, and China are contributing to this surge. Labor shortages and market volatility further complicate the landscape, making both builders and homebuyers hesitant. Many prospective buyers are now only considering move-in ready homes due to these financial pressures. As trade tensions persist, developers face increased uncertainty, leading to a slowdown in new projects. The industry grapples with elevated material costs, straining confidence and potentially slowing the housing market further.