The National Association of Home Builders (NAHB) has voiced its opposition to President Trump’s 25% tariff on Canadian and Mexican goods coming into the United States.
Carl Harris, NAHB chairman and a custom home builder from Wichita, Kansas, issued a statement on Saturday that said, “On President Trump’s first day in office, he issued an executive order directing departments and agencies to deliver emergency price relief by pursuing actions to lower the cost of housing and increase housing supply. This move to raise tariffs by 25% on Canadian and Mexican goods will have the opposite effect. More than 70% of the imports of two essential materials that home builders rely on—softwood lumber and gypsum (used for drywall)—come from Canada and Mexico, respectively.”
Harris added, “Tariffs on lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher home prices. NAHB urges the administration to reconsider this action on tariffs and we will continue to work with policymakers to eliminate barriers that make housing more costly and prevent builders from boosting housing production.”
We have enough lumber here in USA.
Did the home builders support Trump in the election?
I love the speciation question opinion piece here. As if nobody knows how this guy does business. Those countries are more dependent on US than we are on them. They will make a deal that benefits up. Trump Hard-lines in business publicly. It works. So stop SPECULATING on something you do not understand. It is not as easy as Tariffs = bad.
Exactly Nick!! Everyone screamed almost instantly, not waiting for the outcome! As you said, they should know by now how Trump operates!🤦🏻♀️. Mexico has already promised 10,000 troops at the border and asking for 30 days before tarriffs go into effect. Wants Trump to know the troops are down and doing their jobs!
Try buying and using American made products. Increases employment and many things . Eliminate greed factor when looking at net profit .
Trump is the best, I give him 100 percent support… make america great again, he has 4 years to do it and he is off to a great start.
Screw them. Their days of slave labor and greed are over. These people will destroy their country for profits. Trump is America’s and Western Civilization’s only hope. Most of the deep state needs to be prosecuted and jailed.
Maybe some of the builders should ease up on their major profits and try making homes more affordable for people. SMH…..whining because it will cut into their profits.
“The United States is one of the world’s leading producers of gypsum, with extensive deposits in states like Texas, Oklahoma, Iowa, Nevada, and California. The White Sands National Monument in New Mexico is known for its vast dune fields of pure gypsum sand.” Just copied this off the ‘net’, how hard would it be to actually produce something in the USA that is essential to the building industry? Could even put Americans to work..eliminate that 70% import..NAHB
So, y’all, Trump WINS AGAIN!!
President Trump wants other countries to pay tariffs because he wants to eliminate the income tax for Americans. Prior to 1913, there was no income tax. “The Wilson administration imposed a graduated income tax in 1913 due to the substantial reduction of revenues generated from duties on imports. With the passage of the Underwood Tariff Act, which significantly reduced taxes on imported goods, there was an increasing need to make up for the lost federal revenue.” All the people who are against Trump imposing tariffs should stop whining! He is doing this so that he can eventually eliminate the income tax! I’m sure most Americans are tired of the government taking a large portion of their hard earned money.
good…builders have been getting away with murder especially since since COVID…most are not even paying a fair commission to Realtors who bring them ready and willing buyers. Example….at least 2 builders locally in norther VA/DC market are paying a flat commission as little as $3,500 to $5,000 a buyers Realtor regardless of the sales price. Bring them a $1 million buyer and they pay the Realtor $5,000….Ridiculous and insulting….
Jonathon,
What’s ridiculous and insulting is a buyers agent demanding to “properly incentivized” by a seller.
What’s ridiculous is sellers agents saying “no one will bring a buyer to your property if you don’t offer a properly high buyer agent fee”.
You have the ability to make your fee as a buyers agent anything you want it to be. Do your job, negotiate your fee with your buyer in writing, include it to be paid in your offer to purchase.
If you cannot explain your value to your buyer client, why would expect to receive any compensation?
If the real estate community wants to increase their reputation and present themselves as a true professional in their occupation, they need to stop hiding behind the listing agent / seller setting the buyers agents fee.
As buyers start to understand that they really are the ones paying the buyers agent fee (thru the purchase price of the property) that they never had the opportunity to negotiate with their agent, the current 418million settlement to sellers will look small compared to a class action suit that buyers may bring.
The one thing I don’t see in these posts is the great increase in prices of goods when people buy american. US was loosing industrial capacity in 1930 and President Hoover and the republican congress thought it would be a great idea to impose huge tariffs to force production to come back to the US(Smoot Hawley Act). Result: the great depression was exacerbated! Read about it, don’t take my word.
Trump is bluffing countries with his bully threats of tariffs at this point. How long do you think it will take the countries he’s threatening do not take the bait. Bullies don’t win forever. What Canada and Mexico are offering now in response to the threats is a band aid. Drug addicts will find a way to get drugs!!!!! There wouldn’t be the problem without the addicts. The cost of labor is so high in US that illegal immigrants have become a necessary commodity in manual labor market. Just sit back and think of how many people you know would do the dirty jobs for $15/hour who were born in US. One hundred+ years ago it was irish, welsh, spanish, polish, hungarian, etc. imigrants. Hate blinds people to the truth
I’m glad to know Americans are ready to step up to the plate and pay a lot more for pretty much everything. American consumer debt tells me something different but who knows maybe the real Czar Elon Musk and his buddies will fix it all. Good luck going forward for all the middle class Americans who drank the kool aid.