Homebuilders are earmar🍌king several thousands of dollars in additional costs as tariffs begin to affect the housing market.ꦚ 

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index for March declined to 39, its lowest level since last August. Worries about rising construction costs helped bring down homebuilder sentiment for the second straight month. The survey showed that builders are pricing in $9,200 in additional costs per home as they plan for tariffs' effect on building materialꦰs.

President Donald Trump’s 澳洲幸运5开奖号码历史查询:tariff policies have frequently targeted homebuilding materials. He has already implemented a 25% levy on 澳洲幸运5开奖号码历史查询:steel and aluminum imports and has threatened to tax 澳洲幸运5开奖号码历史查询:Canadian lumber and concrete.

“Builders continue to face elevated building material costs that are exacerbated by tariff issues, as well as other supply-side challenges that include labor and lot shortages,” said NAHB Chairman Buddy Hughes, a homebuilder from Lexington, N.C.

Homebuyer T🌳raffic Declines to Lowest Levels Since 🗹2023

The decline in homebuilder sentiment comes as other surveys have shown that those in other parts of the economy are starting to worry about tariffs. 澳洲幸运5开奖号码历史查询:Consumers and 澳洲幸运5开奖号码历史查询:small businesses are losi💯ng con🎃fidence in the economy's future.

That 🌳lack of confidence may be driving down new home sales. The NAHB survey showed that homebuilders reported the fewest house hunters since December 2023.

“澳洲幸运5开奖号码历史查询:Uncertainty on policy is also having a negative impact on homebuyers and development decisions,” said NAHB Chief Economis🉐t Robert Dietz.

However, Hughes also said that homebuilders were seeing some regulatory relief from the Trump administration, including action to pause some building code requirements and amend the environmental permitting process in order to speed up approvals.