How tariffs on lumber could impact housing prices

Tariffs on Canadian lumber could trickle down to Utah consumers, new home buyers

With many goods we rely on coming from Canada, the ongoing discussion of tariffs has pinpointed a major affected item — lumber.

President Donald Trump's pressure to impose tariffs on Canada—and subsequent delays and exemptions from his administration—are thwarting efforts to import timber from that country and plaguing the construction materials market.The pull and slackening on the imposition or non-taxation of tariffs has made companies not rely on price stability and run the risk of blocking the supply chain of American construction companies. The reluctance to pay a …

US Homebuilders Face a Supply Chain Snarl From Tariff Battles

President Donald Trump’s push for tariffs on Canada — and his administration’s subsequent delays and exemptions — are frustrating efforts to import lumber from the country and putting the building supply market on edge.

How Trump's tariffs will impact lumber prices and the housing market

Canada is the source of about 70% of US lumber imports. Canadian lumber is now facing a nearly 40% tariff.

How tariffs on lumber could impact housing prices

President Donald Trump's tariffs on imports of lumber and aluminum could send the U.S. housing market into a crawl, experts warn.According to Redfin, the number of homes for sale jumped 13% in January, but homes were also sitting on the market seven days longer than they were last year amid higher prices and mortgage rates."I think there will be detrimental negative impacts on both supply and demand," said Mark Hamrick, a senior economic analyst…

NC home builders, lumber suppliers brace for impact of tariffs on Canada, Mexico

RALEIGH, N.C. (WNCN) — New tariffs on Canada and Mexico have companies in North Carolina bracing for potential impacts, especially builders and their suppliers. A lot of lumber comes from Canada, and could now be taxed at more than 50%. "There's a lot of unknowns with the administration in which way they plan on going forward with the tariff plan,” said Steven Webb, Director of Legislative Affairs for the North Carolina Home Builders Association…