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In the last six months average lumber prices have ranged from $475 to $625 per thousand board feet, about one-third the peak in 2021. Trump has threatened to add 25% tariffs on goods from Mexico ...
If President Donald Trump follows through with his impending 25% tariffs on goods from ... High Home Prices Could Affect The 2025 Housing Market ... Lumber, construction material prices could rise ...
So, if there’s a 25 percent tariff on imported goods from Canada and an American homebuilding company wants to buy $200,000 of Canadian lumber, they’ll need to pay an additional $50,000 to ...
The median price of a new home in December 2024 was $427,000, according to the Census Bureau. That’s up 30% in five years – and mortgage rates now are roughly double what they were just before ...
Key takeaways. Donald Trump’s plan to raise federal revenue using tariffs will likely drive up prices for construction materials. Higher home repair and replacement costs could put pressure on ...
NEW YORK (AP) — President Donald Trump's continued roll out of a wide array of tariffs is rattling small business owners already dealing with tight profit margins. Trump on Monday announced a 25% tariff on steel and aluminum and promised more import duties to come.
Read more:Those rebuilding after L.A. fires will likely face higher lumber prices as Trump tariffs loom . ... There were high hopes for a return to normal business this year. Then the fires hit.
Housing prices are soaring twice as fast as overall inflation. The average rate on a 30-year mortgage topped 7% in January for the first time since last spring. Observers as disparate as J.P ...