Tump just launched the largest tariff increase in over a century on Canada, Mexico, and China.
Let’s go line-by-line and break down how this will impact the ever-increasing cost of housing in America and make our housing crisis even worse 🧵
Here's the details on the tariffs:
- 25% on imports from Canada
- 25% on imports from Mexico
- 10% increase on imports from China
Now let's take a look at what it takes to build a home and what come from these countries.
Site Work (7% of total cost)
Site prep requires equipment that uses imported steel parts from Mexico or electronics from China. With new 25% and 10% tariffs, these upfront expenses rise, setting adding new costs before you’ve even laid the foundation.