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US housing affordability crisis worsens as Trump tariffs raise construction costs

Mar 31, 2025 #USEconomy #TrumpTariffs #DonaldTrump
Tariffs on building materials are driving up costs in the US construction industry, affectin
Mar 31, 2025 #USEconomy #TrumpTariffs #DonaldTrump
Tariffs on building materials are driving up costs in the US construction industry, affecting homebuyers the most. Price increases impact every stage, from manufacturers to contractors, with tariffs on steel, aluminium, and Canadian lumber worsening the situation. The housing market faces a slowdown while the affordable housing crisis deepens. Many key materials, including nails and screws, are mainly sourced from overseas, with limited US alternatives. Rising home prices and mortgage rates are making homeownership increasingly out of reach.

Al Jazeera’s Rob Reynolds reports from Malibu, California.
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