Tariffs and Timber: How Trade Policy Is Driving Up Housing Costs

A new wave of tariffs could add $30 billion to U.S. housing costs—and most people don’t even know it’s coming. Tim Lucas and Craig Berry break down how rising import taxes on lumber, cabinets, and other materials may reshape construction and renovation budgets across the country.In this episode you’ll learn:What’s changing: Tariffs of 10% on lumber and 25%—soon 50%—on cabinets and vanities are poised to raise construction costs.The homeowner impact: The average new home could cost $10,900 more, according to the National Association of Home Builders.Why prices haven’t spiked yet: Companies are stockpiling materials ahead of the tariffs, but the relief won’t last long.Ripple effects: Canadian lumber tariffs jumping from 14% to 34% could ripple through both new builds and renovation markets.What to do now: If you’re planning a project, experts say start sooner rather than later—before higher prices filter down to consumers.Read the full article:https://www.mortgageresearch.com/articles/how-tariffs-could-affect-home-construction-and-renovation-costs/