Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects

[Eugene]

Source: Associated Press

Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects

ALEX VEIGA and MAE ANDERSON
Mon, March 17, 2025 at 6:26 AM EDT 6 min read

Shopping for a new home? Ready to renovate your kitchen or install a new deck? You'll be paying more to do so.

The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential construction and home remodeling projects.

The tariffs are projected to raise the costs that go into building a single-family home in the U.S. by $7,500 to $10,000, according to the National Association of Home Builders. Such costs are typically passed along to the homebuyer in the form of higher prices, which could hurt demand at a time when the U.S. housing market remains in a slump and many builders are having to offer buyers costly incentives to drum up sales.

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Read more: https://finance.yahoo.com/news/tariffs-lumber-appliances-set-stage-102643115.html

[slightlv]

1. It won't be just on active new homes and

home remodeling projects. Everybody expect your home insurance to go up in cost, too. Ours went up last year because of the tariffs on lumber still in effect when trump did it the first time with Canada. To completely rebuild our home, they price it at something like $450,000. We paid 70k cash for the house and it's in desperate need of remodeling, which we can't do because of cost and our ages. I'm worried sick we're going to be priced OUT of house insurance this year, with what trump is doing. This is going to hit everyone, magat and democrat, alike. I really look forward to meeting my first magat after it happens!

[Yo_Mama_Been_Loggin]

2. Heckuva job Donny