Tariffs are Creating a Perfect Storm for Builders


Posted To: MND NewsWire

The California Building Industry Association (CBIA) is calling the Trump Administration tariffs the “perfect storm” for the state’s already troubled housing industry. The Association says tariffs, which have impacted the price of appliances, certain countertops, some items made of lumber, steel and aluminum, and miscellaneous other items, have driven up the cost of an average-size new home in California by $20,000 to $30,000. The concern of the California organization was echoed by David Logan, the National Association of Home Builders’ (NAHB’s) director of Tax and Trade who said, “All the stars aligned for the worst outcome.” He warns that the long-term effects of these tariffs could choke off new construction , and they’re leading builders to focus on catering to people with higher incomes…(read more)

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