New tariffs on imported construction materials are expected to raise the cost of building a typical single-family home by thousands of dollars, according to an NBC News analysis. Materials such as lumber from Canada and appliances from China could contribute to a $4,000 to $10,900 increase, depending on estimates. Industry experts say the uncertainty around material costs is making it more difficult for builders to price homes amid an ongoing housing shortage.
According to Robert Dietz, chief economist at the National Association of Home Builders, “About three-quarters of home builders right now are having difficulty pricing their homes for buyers because of uncertainty due to construction input costs.”
