TRUMP TARIFFS IMPACTS US HOUSING MARKET
Recent 25% tariffs imposed on all imported steel and aluminum products by President Trump are set to shake up the housing market.
A CoreLogic report suggests that these tariffs could drive up home construction costs by 4% to 6% over the next year, further impacting an already tight market.
With interest rates still high and inflation on the horizon, housing prices are expected to continue their upward trajectory.
This situation creates clear winners and losers. Home builders, contractors, lenders, and first-time homebuyers may face increased costs and reduced affordability. Conversely, the U.S. government, the Dollar as a global currency, and domestic material producers stand to benefit.
In response to these challenges, there is speculation that President Trump might consider introducing a significant first-time homebuyer credit to help address housing affordability.
Stay informed on how these economic shifts could affect your plans and investments in the housing market.
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Recent 25% tariffs imposed on all imported steel and aluminum products by President Trump are set to shake up the housing market.
A CoreLogic report suggests that these tariffs could drive up home construction costs by 4% to 6% over the next year, further impacting an already tight market.
With interest rates still high and inflation on the horizon, housing prices are expected to continue their upward trajectory.
This situation creates clear winners and losers. Home builders, contractors, lenders, and first-time homebuyers may face increased costs and reduced affordability. Conversely, the U.S. government, the Dollar as a global currency, and domestic material producers stand to benefit.
In response to these challenges, there is speculation that President Trump might consider introducing a significant first-time homebuyer credit to help address housing affordability.
Stay informed on how these economic shifts could affect your plans and investments in the housing market.
Our social networks:
• Youtube
• Protitleusa.com