Canada tariffs could add $14,000 to the cost of building a home by 2027, report warns
CANADA, JUL 22 – Tariffs on Canadian imports could add up to $14,000 to U.S. homebuilding costs by 2027, with 60% of builders already reporting price increases, the Canadian Chamber of Commerce says.
- On July 22, 2025, the Canadian Chamber of Commerce reported tariffs on Canadian imports could raise U.S. home building costs by $14,000 by the end of 2027.
- This report follows ongoing tariff measures by the Trump administration, including a 50% tariff on steel, aluminum, and copper, effective August 1 for partners without agreements.
- In 2023, Canada was the leading supplier for U.S. lumber, providing nearly seven-tenths of imports, contributed a quarter of the country's imported iron and steel, and supplied just under a fifth of copper. Meanwhile, May 2025 experienced a record surge in private construction cancellations, increasing by 62.6%, influenced in part by tariff-related cost pressures.
- ConstructConnect chief economist Michael Guckes said, "The impact of tariffs will affect the price and quantity consumed of goods," while O’Reilly predicted sustained volatility and caution in construction.
- These conditions have led to layoffs, project delays, and cautious spending, signaling continued uncertainty in the construction sector and housing affordability through 2025.
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12 Articles
A Building Dilemma for Local Home Builders
FARGO — Tariffs on Canadian imports are creating new worries for the local home building industry as its leaders anticipate having to pass increased costs on to consumers. They’re estimating the tariffs could add ten thousand dollars more to the cost of building a new home in the region over the next year or so. That’s less than the fourteen thousand dollars estimated by the Canadian Chamber of Commerce, but building industry insiders say it’s s…
Canada: Tariffs Will Add $14K to Cost of Building a US Home
The White House is pushing back on claims that President Trump's tariffs on Canadian imports will raise the cost of US homeownership. A new report from the Canadian Chamber of Commerce estimates the average cost of building a US home could rise by an additional $14,000 by the end...
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