Tariffs Hike Home Building Costs
This is a U.S. news story, published by PBS, that relates primarily to NAHB news.
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Building materials costsPBS
•Business
Business & Economics
Tariffs on lumber, appliances set stage for higher costs on new homes and remodeling projects
67% Informative
Tariffs are projected to raise the costs that go into building a single-family home in the U.S. by $ 7,500 to $ 10,000 .
Such costs are typically passed along to the homebuyer in the form of higher prices.
The timing of the tariffs couldn't be worse for homebuilders and the home remodeling industry.
Building materials costs overall are already up 34 percent since December 2020 , according to the NAHB .
Builders depend on raw materials, appliances and many other components produced abroad.
About 7.3 percent of all products used in single-family home and apartment building construction are imported.
Nearly a quarter of those imports come from Canada and Mexico .
VR Score
74
Informative language
75
Neutral language
56
Article tone
semi-formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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