Housing Industry Concerned about Tariffs

On Thursday, NAR chief economist was quoted in Inman News: Trump tariffs on steel and aluminum will be a blow to the construction industry "Tariffs could measurably raise the cost of building materials and hinder home construction of affordable homes," said Yu. "But more importantly, tariffs and restrictions to international trade will hold back economic growth and job creations. A better way to raise GDP growth is to produce more homes. Job growth and additional housing inventory will greatly help American workers and American consumers." And from the NAHB: Statement from NAHB Chairman Randy ......(read more)

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