Fox Business Gerri Willis correspondent reports on the impact of tariffs on houses and breaks the latest housing data.
Tariffs recently announced by President Donald Trump causing concern among US predators.
Those worries, which Fox Gerri Willis correspondent Reported on Wednesday, they come after the President has continued with tariffs in recent weeks, including the transition to re -establishing 25% of steel imports and raising aluminum imports to 25%.
Trump also announced 24% of tariffs on imports from Canada and Mexico and 10% of imports from China; However, the levies directed at Canada and Mexico paused until the beginning of March.
President Donald Trump signs a number of executive orders at the oval office at the White House on February 10th. (Andrew Hardik / Getty Images / Getty Images)
On Tuesday, the National Association of House Builders/Wells Fargo Housing Markets for Family Housing showed a decrease in five points in the confidence of the construction workers in the month, in February 42 hit.
President Trump wants to give us back production with tariffs
According to NAHB, this was below the reference value of the 50 points for positive feelings and the “lowest level” to which he reached five months.
Especially for the construction of Homebuilder for current sales conditions, they arrived in 46 for February, marking a four-point drop over the previous month. Other data from HMI showed that they were negatively felt due to the prospect of sale in the next six months, with their expectations for this also reached 46.
“While builders have hope for Pro-Development policies, especially for regulatory reform, policy uncertainty and cost factors have created resetting for 2025. Expectations in the latest HMI. Uncertainty on the tariff front has helped to expect the builder’s expectations for a future sales To this, the lowest level since December 2023, “said Nahb Chairman Carl Harris in a statement.
Workers in front of homes under construction in Kyle, Texas, in the United States on Monday, March 18, 2024. The US Census Office should publish residential starting figures on March 19. (Photographer: Jordan Vonderhaar / Bloomberg via Getty Images / Getty Images)
Applications for construction A new residence of private ownership In January, he came at a seasonally adapted rate of 1.48 million, indicating a drop of 0.1% compared to the previous month, according to the new data from the US Census Office posted on Wednesday.
In the meantime, housing starts have fallen by 9.8% of December to a seasonally adapted annual rate of 1.37 million. Especially for family housing, the rate was 993,000 in January, which is a drop of 8.4% compared to December.
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Trump’s steel tariffs and aluminum plan to enter into force in mid -March.
When the White House discovered them last week, Nahb said that “they were completely opposed to enhancing the accessibility of the housing” by increasing the cost of building the house, distracting new development and frustrating efforts to renovate after natural disasters. ” with steep prices for them.
Nahb expressed similar concerns Tariffs on Canadian and Mexican imports He could also “increase construction costs and discourage new development” after Trump announced. He called for exemptions for construction materials from these levies.
Building materials such as soft wood wood, plaster, steel and aluminum could increase costs due to tariffs, NAHB states. Household devices could also be influenced.
Willis reported that “economists say there are signs that the market is becoming more friendly for customers.”
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“According to Realtor.com in January, the reduction of the house price was 15.6% of the market. It is almost a full percentage point from a year ago,” Fox Business Business Business Realtor.com, senior economist Daniella Hale. “This is a sign that more sellers are more flexible prices over a year ago.”
Modares and Douglas said they bought their first house together as an investment and did not feel the need to wait until they had a spouse to do so. (East / East)
Realtor.com recorded a medium -sized list for homes at $ 400,500 throughout the country, which marked a 2.2% decline compared to the same month last year. This figure remains 38.4% higher than homes in January 2019, according to his report.
The 30-year mortgage rate with a fixed rate reached 6.87% on average on the week of February 13, according to Freddie Mac. This indicated a 0.02 percentage point drop over the previous week.
The mortgage rates will reach 6.5% by the end of 2025, predicted the economic and strategic research group Fannie Mae late last month. By the end of 2026. They could be 6.3%.
