Tag: Tarrifs

  • How tariffs may worsen the housing shortage

    How tariffs may worsen the housing shortage

    Tariffs continue to impact homebuilders and remodelers. Since this spring, tariffs have increased the price of imported materials essential to constructing a home. These increased costs for building a home slow construction even further as the housing shortage continues to grow, raising rents and home prices. In October 2025, a 10% tariff on timber and… Read More

  • Tariffs add uncertainty to state’s housing market

    Tariffs add uncertainty to state’s housing market

    Recent tariffs announced by the Trump administration are impacting Minnesota’s housing landscape. These trade policies, targeting imports from Canada, Mexico and China, are influencing construction costs, home prices and market dynamics across the state.  The newly imposed tariffs, currently 25% on imports from Canada and Mexico and 30% on Chinese goods, have led to increased… Read More

  • Trade tariffs threaten homebuilding as industry faces cost surge

    Trade tariffs threaten homebuilding as industry faces cost surge

    An executive order signed by President Trump would impose 25% tariffs on all goods from Canada and Mexico, as well as a 10% tariff on Chinese goods. After negotiations, the tariffs on Canada and Mexico were postponed until March 5. While these tariffs will likely impact the cost of everyday goods for American consumers, tariffs… Read More