Here’s How Tariffs Will Hit the U.S. Housing Market

CNBC, Mar 4 2025-Diana Olick
Lumber, gypsum for drywall and home appliances are expected to be impacted by tariffs on Canada, Mexico and China.

The new tariffs could increase builder costs anywhere from $7,500 to $10,000 per home, said Rob Dietz, chief economist at the National Association of Home Builders, citing
estimates from U.S. homebuilders.

The greatest impact to homebuilders will be from lumber cost increases, which are expected to total about $4,900 per home on average, according to Leading Builders of America.

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