How Tariffs Could Impact Home Prices

Tariffs on lumber and other building materials especially from Canada and Mexico directly affect construction costs, ultimately leading to higher home prices. When materials become more expensive, new construction slows down, leading to lower inventory. With fewer homes available and steady demand, prices can rise.

What This Means for Real Estate:

The good news? Tariffs with Canada and Mexico have been temporarily paused for the next month, preventing an immediate price surge. However, a new 10% tariff on Chinese imports is now in effect, impacting many housing materials. Fortunately, we’ve avoided an across-the-board tariff, allowing builders and homebuyers to adjust materials and manage costs more effectively.

Stay Up to Date with Real Estate:

• Sold Homes: View Sold Homes

• Price Improvements: View Recent Price Drops

If you have any questions or need help navigating the changing landscape, feel free to reach out.

Best regards,
Tim