Home builders are concerned about new tariffs and influence on material costs

Recently, tariffs have been announced by President Donald Trump, causing the builders of the builders.

Those problems that Fox Business Gerri Willis correspondent As reported on Wednesday, it will come after the president has continued many tariffs in recent weeks, including the transition to recover 25% of the steel import tariffs and raised aluminum imports up to 25%.

Previously, Trump also announced 24% of the tariffs for Canada and Mexico and 10% import tariff from China; However, the assemblies aimed at Canada and Mexico stopped at least until early March.

President Donald Trump signs a number of executive orders in a white house on February 10. (Andrew Harnica / Getti Image / Getti Image)

On Tuesday, the National Association of Housing Houses/Wells Fargo for Housing for a single family showed that a month later the builder’s confidence in the month, reaching 42 in February.

President Trump seeks to return production to us with tariffs

According to NAHB, it was below the 50-point benchmark for the positive moods and the “least level” he reached in five months.

Home builder feelings for current sales were coming on February 46, which noted a four -point drop compared to the previous month. Other HMI data note that they negatively feel the prospects of sales in the next six months, with their expectations also reached 46.

“While the builders take into account the hope of development policy, especially to regulate the reform, the uncertainty policy and expense factors have created a reset for 2025 expectations in the last low level since December 2023,” NAHB Chairman Karl Harris said in a statement.

On Monday, March 18, 2024, workers in front of the houses built in Kyle, Texas, USA. (Photographer: Jordan Wonderhar / Bloomberg via Getty Images / Getty Images)

Applications for construction New private housing In January, he came from a seasonally adjusted rate of 1.48 million, which notes a decrease by 0.1% compared to the previous month, according to the new data of the US Census Census published on Wednesday.

Meanwhile, housing starts from December by 9.8% to the seasonally adjusted annual rate of 1.37 million. In particular, for housing in the family, in January in January the rate was 993,000, which is 8.4% compared to December.

Get the Fox Business on the go by clicking here

Trap steel and aluminum tariffs It is planned to come into force in mid -March.

When the White House presented them last week, NAHB stated that they “completely resist” efforts to improve housing availability, increasing the cost of building the home, holding back new development and unpleasant efforts to recover as a result of natural disasters. ” He claimed that buyers at home would face more steep prices from them.

NAHB caused similar concerns that Tariffs on Canadian and Mexican imports It can also “increase the cost of construction and scare new development” after Trump has announced them. He called for the release of building materials from these levies.

According to NAHB, building materials such as lumber, gypsum, steel and aluminum may increase from the tariffs. You can also affect home appliances.

Willis reports that “economists say there are signs that the market is becoming more friendly for buyers.”

Minister Trial

“According to Realtor.com, the decline in housing prices was 15.6% of the market. This is almost a whole percentage point compared to a year ago,” said Senior economist Realtor.com Daniel Hayle Fox Business. “This is a sign that more sellers are more flexible in price than a year ago.”

Modores and Douglas stated that they bought their first home together as an investment and did not feel the need to wait for their husband and wife. (Istock / Istock)

Realtor.com has tied the average price of the list for houses at $ 400,500 across the country, which noted 2.2% compared to the same month last year. This figure remains 38.4% higher than houses in January 2019, his report said.

According to Freddie Mac, a 30-year-old fixed mortgage rate reached 6.87% on the average of February 13. This noted the 0.02 percentage reduction point compared to the previous week.

By the end of 2025, the mortgage rates reach 6.5%, and the economic and strategic research team of Fannie Mae predicted late last month. By the end of 2026, they could be 6.3%.