Four Places Where Tariffs are Hitting Homebuyers

In an already challenging housing market, homebuyers are facing some additional costs due to recent Trump administration tariffs.

CBS’ MarketWatch detailed four likely places where homebuyers will see the rising costs of imports. One major one is lumber—prices have grown nearly 30 percent in the last year due to tariffs on Canadian wood and shortages due to wildfires.

In addition, the administration recently added tariffs of up to 50 percent on imported washing machines and 30 percent on imported solar panels. Steel and aluminum tariffs are also causing price increases for items like storm shutters.

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