April 7, 2025 - 17:58
Real estate expert Lane Lyon recently provided insights into the implications of tariffs announced by President Trump on the housing market. As these tariffs take effect, the construction industry is feeling the pressure, particularly in the cost of materials. Tariffs on imported goods, such as steel and aluminum, have led to increased prices for essential building supplies. This rise in costs can significantly affect the overall price of new homes, making them less affordable for potential buyers.
Moreover, the increased expenses associated with construction may lead to a slowdown in new housing projects. Builders may hesitate to start new developments if they cannot accurately predict costs, leading to a potential shortage of housing inventory in the future. As demand for homes continues to rise, this could exacerbate the existing housing crisis in many areas. Lyon emphasized that the long-term effects of these tariffs could reshape the real estate landscape, influencing both buyers and sellers in the market.
