General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump tariffs to add $9,000 to the cost of a new home.
http://www.mcall.com/business/realestate/mc-biz-homebuilding-tariffs-cost-20180618-story.htmlLumber prices in the United States have risen 62 percent since January 2017, Dietz said.
We get a third of the lumber we use in the U.S. from Canada, he said. A lumber tariff is very much a tax on homebuyers. It's pushed up the price of a typical home by $9,000.
Dietz said a lack of construction industry workers is also limiting homebuilding in many U.S. markets.
Labor has been an issue of the industry for the last four or five years, he said. The job openings rate in the construction industry now is actually higher than it was at the peak of the building boom, even though builders are producing fewer houses than in the early 2000s.
Almost 230,000 building sector jobs are unfilled, Dietz said.
House of Roberts
(5,168 posts)for my remodeling projects. These tariffs were the first ones, before the Hurricanes tore up Texas and Florida, then Puerto Rico. All the rebuilding has been done with higher priced lumber due to this.
GusBob
(7,286 posts)Brewers at Miami, an ad on Miami radio broadcast
paraphrase: "have heard about the tariffs on aluminum? Could cost you thousands for new AC or repairs! Call now before it's too late!
I'm like Jesus, it's a baseball game!
kimbutgar
(21,127 posts)Last December I brought a new car because my credit union told me interest rates were going up. Which they have.
tinymontgomery
(2,584 posts)My wife was rear ended in a car crash in Dec and the car was totaled.
We ended up buying a new one in Jan. We were hopping to hold out one more year
but now I'm glad we were forced to buy one prior to the tariffs.
Luckily the wife didn't get seriously hurt.