Weekly Real Estate News
The National Association of Home Builders (NAHB) welcomed President Trump’s one-month tariff suspension on certain Canadian and Mexican products but urged the White House to reconsider the potential of a long-term tariff battle.
“NAHB commends President Trump for providing a one-month tariff delay on all products from Mexico and Canada that are covered by the United States-Mexico-Canada Agreement, including Canadian softwood lumber,” said NAHB Chairman Buddy Hughes, a home builder and developer from Lexington, North Carolina. “Likewise, the president’s recent executive order seeking to increase domestic timber production was an important step forward to make America more self-sufficient and help builders to meet our nation’s housing needs.”
Hughes added the continued threat of tariffs will create difficulties for builders planning new projects.
“With the nation facing a housing affordability crisis, we continue to believe that critical construction materials should be exempt from any future tariffs,” he said. “NAHB will continue to work with the administration to cut regulations, boost domestic lumber output and further rein in housing costs so that builders can construct more homes and apartments to meet our nation’s housing needs.”
