Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects

  • Posted on March 17, 2025
  • By Yahoo News
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Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects

The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential construction and home remodeling projects. The tariffs are projected to raise the costs that go into building a single-family home in the U.S. by $7,500 to $10,000, according to the National Association of Home Builders.
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