Trump tariffs could add more than $9,000 to cost of a new home, builders say
CBSN
President Trump's tariff policies could make building or renovating a home in the U.S. more expensive, according to builders.
The rising costs of construction materials, including lumber, aluminum and steel, could add $9,200 in costs for a typical home, according to a new estimate from the National Association of Home Builders (NAHB), based on data from a March survey.
"Builders continue to face elevated building material costs that are exacerbated by tariff issues, as well as other supply-side challenges that include labor and lot shortages," Buddy Hughes, a North Carolina-based homebuilder and chairman of NAHB, said in a statement.
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