Tariffs Threaten to Stall New Construction Gains in Home Affordability Nationwide
Key Takeaways Tariffs have increased material costs for construction by up to 9%, directly impacting home affordability. Rising expenses for essential building materials are causing project delays, cancellations, and higher housing prices in cities like Miami. First-time homebuyers are especially affected, as budget overruns and supply shortages limit their options. The Ripple Effect of Tariffs on Housing Projects Tariffs are hitting American construction like a wrecking ball at the Golden Gate Bridge, pushing material costs up by as much as 9% and slamming new home affordability. Building supplies—from steel beams to rooftop metals—now cost thousands more, sparking delays, project cancellations, and sending housing prices in Miami and beyond through the roof. Homebuilders burn through budgets, while shortages choke the pipeline for first-time buyers. If you want to know who’s next in line for these losses, pay close attention. Tariffs Drive Up Construction Costs and Slow Builds How qu...