Jerry Willis, a Fox Business correspondent, announced the impact of tariffs on home makers and breaks down the latest housing data.
Tariffs recently declared by President Donald Trump and have raised concerns among US manufacturers.
Those concerns, which Fox Jerry Willis Business Reporter It was reported on Wednesday that after the president has been following tariffs in recent weeks, including moving to restore 25 % tariffs on steel imports and raising aluminum tax to 25 %.
Trump also previously announced 24 % of import tariffs from Canada and Mexico and 10 % import tariffs from China. However, the taxes targeting Canada and Mexico have stopped at least until early March.
President Donald Trump signs a set of executive orders at the White House office on February 10. (Andrew Harnic / Giti Pictures / Giti Pictures)
On Tuesday, the National Association of Home Manufacturers/Housing Market Index for a family housing showed a five -point drop in the moon's constructive confidence more than the moon and won 42 people in February.
President Trump appears to bring production to us with tariffs
According to Nahb, for the positive emotions and the “lowest level” that has reached five months, the index was below 50 points.
The constructive feelings of the house for current sales conditions for February 46 at the age of 46 were obtained, indicating a four -point drop in the previous month. Other HMI data suggest that they will feel negative about the outlook in the next six months, and their expectations of these 46 have come to this conclusion.
“While the creators of hoping for pro -development policies, especially for regulatory reform, have created policy uncertainty and cost factors for 2025 in the latest HMI. Non -confidence in the tariff front helped make the makers' expectations for future sales volume Reducing Nahb President Carl Harris said in a statement: “The lowest level from December 2023” said in a statement.
Workers in front of homes under construction in Kyle, Texas, the United States, on Monday, March 18, 2024, the US census office is scheduled to release housing figures on March 19. (Photographer: Jordan Viewerhaar / Bloomberg via Getty Images / Getty Images)
Programs to build New private housing According to the new US census office data released on Wednesday, the seasonal adjustment rate was 1.48 million in January, indicating a 0.1 % decline in the previous month.
Meanwhile, the start of housing has declined by 9.8 % since December and has declined to 1.37 million in the annual adjusted rate. Especially for a family housing, this rate was 993,000 in January, down 8.4 % compared to December.
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Trump Steel and aluminum tariffs It is due to be required in mid -March.
When the White House unveiled them last week, Nahb said they were “completely disagreeable” by increasing home construction costs, preventing new development and frustrating efforts to reconstruct natural disasters. This argues that homeowners will face faster prices because of them.
Nahb raised similar concerns that Tariff for Canada and Mexico It can also “increase the cost of construction and discourage the new development” after Trump's announcement. This has called for exemptions for building materials from these taxes.
According to Nahb, building materials such as soft wood, gypsum, steel and aluminum can view the cost increase due to tariffs. Home appliances can also be affected.
“Economists say there are signs that show the market becomes more friendly for buyers, Willis reported.
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“According to January Realtor.com, home prices have been 15.6 % of the market,” told Fox Business. “This is a sign that most sellers are more flexible in pricing than a year ago.”
Modares and Douglass said they bought their first home as an investment and do not need to wait until they have their spouse to do so. (ISTOCK / ISTOCK)
Realtor.com earned average home price for $ 400.500 nationwide and a 2.2 percent decline over the same month last year. According to its report, the figure remained 38.4 % more than homes in January 2019.
According to Freddie Mac, the average 30 -year loan rate has reached average on average February 13. It was 0.02 percent from last week.
The Fannie Mae Economic and Strategic Research Group predicted later last month. By the end of the year 2026, they could be 6.3 %.