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Trump's tariffs are dragging down an already stalled housing market | CNN Business

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The drop in new home construction in April comes at a time when home affordability is near generational lows amid persistently elevated mortgage rates and a shortage of homes for sale. A prolonged stall in home construction could magnify home shortages and affordability issues, economists warn.
The article from CNN dated May 19, 2025, discusses the impact of former President Donald Trump's tariffs on the home construction industry. The tariffs, initially imposed during Trump's presidency, have led to increased costs for building materials such as lumber and steel, which in turn have driven up the prices of new homes. Homebuilders are struggling with these elevated costs, and the article highlights that the average price of a new single-family home has risen significantly. Industry experts quoted in the piece express concerns that these tariffs, if continued, could further exacerbate the affordability crisis in the housing market, potentially slowing down new construction projects and affecting the overall economy.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/19/homes/home-construction-prices-trump-tariffs ]