US EditionReport: Tariffs Driving up Cost of New Home Construction
- Tariffs on building materials driven by President Donald Trump's policies are increasing the cost of new home construction across the United States as of 2025.
- These tariffs stem from ongoing trade policies including repeated tariff adjustments and a 15.92% rate applied to lumber, steel, aluminum, copper, and drywall, exacerbating material costs.
- A 2025 report from industry groups indicates that rising supplier costs, driven by tariffs, will increase new home prices by roughly $30,000 in Ohio and up to $102,000 in Hawaii.
- The association reported supplier price increases averaging 6.3%, and builders warned that countervailing and antidumping duties could more than double in the fall, pushing prices higher, with one stating the increase as a "more than $13 per square foot" rise.
- These increased costs are worsening housing affordability, especially for younger buyers and in regions where incomes lag behind construction price rises, creating significant barriers to homeownership.
18 Articles
18 Articles
'A lot of uncertainty': How Trump is aggravating a troubled housing market
President Donald Trump's policies appear to be exacerbating high home prices, NPR reports.“Home prices are out of reach for many who would like to buy. And the tariff drama under President Trump has both made it more expensive to build new homes and made the future more unpredictable for would-be homebuyers,” reports NPR. “The result is a country where builders want to build, and buyers want to buy — but the future is too much in doubt.”A May su…
Commentary: Trump Is Making Home Ownership Affordable Again
by Michael Busler This week, a slew of media outlets have claimed that the housing industry is getting rocked by President Trump’s new tariffs. But is it really? The reality is that home ownership is coming back into reach for countless American families. Mortgage rates are down. New home applications are surging. And while liberal pundits wring their hands over Trump’s tariffs, they conveniently ignore the common-sense moves this administrati…
Newsbug.info
Report: Tariffs driving up cost of new home construction
(The Center Square) – The cost of building a new home in Ohio is expected to rise by $30,000 as the impact of President Donald Trump’s tariffs continues to drive up prices for homebuilders, a national property management group said…
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