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56% of Americans believe that tariffs will worsen housing market affordability. The new administration’s recent tariffs are projected to impact the U.S. housing market by increasing construction costs and worsening home affordability. The National Association of Home Builders estimates that these tariffs will raise new home prices by an average of between $9,200 to $25,000. This escalation is due to tariffs on imported building materials, which have risen 34% since December 2020—far outpacing inflation. Homebuilders warn that these tariffs will elevate the costs of affordable building materials and disrupt supply chains, further inflating home prices.
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PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.