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Tariffs Hit US Housing As Rates Soar, Builders Sour
I suppose this goes without saying, but just in case: US mortgage rates rose dramatically over the p
“The color accompanying the NAHB release was predictable: Nobody’s enamored with the tariffs. “Builders have expressed growing uncertainty over market conditions as tariffs have increased price volatility for materials at a time when the industry continues to grapple with labor shortages and a lack of buildable lots,” NAHB Chairman Buddy Hughes, a North Carolina-based builder, said.”
Thanks to Homan’s success, builders in many parts of the US “aint seen nothing yet” (BTO) when it comes to labor costs. It’s too bad that California will have to suffer alongside Texas, Florida and the rest of the MAGAbelt.