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Tariffs

New tariffs on wood, furniture raise fears of higher housing costs

Affordability, Donald Trump, Homebuilders, Housing Inventory, NAHB, Real Estate, Tariffs /

President Donald Trump’s decision to impose steep new tariffs on imported wood, furniture and home fixtures is drawing criticism from economists, builders and housing experts who warn the move could further strain an already fragile housing market. New tariffs in these sectors were first announced Sept. 26 by Trump on social media, with further details […]

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Philip Jefferson

Fed’s Jefferson: Uncertainty around economy ‘especially high’

Federal Reserve, Monetary policy, Tariffs, Trump administration /

Al Drago/Bloomberg Key Insight: Federal Reserve Vice Chair Philip Jefferson said immigration and tariff policies have clouded his economic outlook and placed pressure on the central bank’s dual mandate. However, because tariffs have had a smaller-than-expected impact on inflation, he said he expects disinflation to resume after this year. Expert Quote: “I view the uncertainty

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Lumber prices swing as tariff fears roil markets

Homebuilders, Industry News, REALTORS & HOMEBUILDERS, Tariffs /

Tariff-influenced lumber price volatility this year has markets trying to read the tea leaves to determine what the implications might be for housing and the economy at large.  Since reaching a three-year high in early August, lumber futures declined by 25% to trade at approximately $525 this week, data from the Chicago Mercantile Exchange showed.

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Trump’s ‘liberation day’ tariffs ruled illegal, but stay in place for now

Donald Trump, HWmember, Legal, Politics, Tariffs /

The sweeping tariffs President Trump implemented on April 2 have been ruled illegal by a federal appeals court that said Trump did not have the power under the International Emergency Economic Powers Act to levy tariffs. However, the court is allowing the tariffs to stay in place until a lower court rules on whether the

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homebuilder-BN.jpg

Homebuilders encounter credit, supply cost headwinds

Housing markets, NAHB, REALTORS & HOMEBUILDERS, Tariffs /

Luke Sharrett/Bloomberg The ongoing tariff-impacted rise of material and service prices, alongside challenging credit conditions, are a double whammy hitting residential construction, according to analysis from the National Association of Home Builders. Prices for goods and services used in residential construction came in 2.8% higher in July on an annual basis, marking the largest increase

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Fed faces key choice on rates after latest inflation report

Economy, Interest rates, Monetary policy, Tariffs /

The impact of Trump-era tariffs on goods and services is starting to trickle through the economy, but for now, the effect on inflation appears minimal, raising expectations for a potential interest rate cut in the near term. The July Consumer Price Index, released Tuesday, showed headline price growth of 2.7% over the previous year, the

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Shipping containers

As tariffs take hold, banks still grappling with uncertainty

Economy, Lending, Politics and policy, Tariffs /

Bloomberg News A new round of tariffs imposed Thursday has raised alarm among economists, lawmakers and financial analysts not just for their impact on trade flows and prices, but for the ripple effects on the financial sector.  Broad tariffs on more than 90 countries went into effect Thursday, following the president’s previously announced deadline for

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Fresh tariffs from Trump target homebuilding costs

Affordable housing, Housing Inventory, REALTORS & HOMEBUILDERS, Tariffs /

The impact on housing of President Trump’s latest set of tariff announcements, including a 35% levy on goods from Canada not covered under the U.S.-Mexico-Canada Agreement, is either mildly disruptive or significant, depending on who you ask. This comes from a series of executive orders signed by the President on July 31. A particular change

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