Sales expectations for the next six months fell 13 points to their lowest levels since December 2023, while home builders also experienced declines in current sale conditions and prospective buyer traffic, the survey showed.
“With 32% of appliances and 30% of softwood lumber coming from international trade, uncertainty over the scale and scope of tariffs has builders further concerned about costs,” said NAHB Chief Economist Robert Dietz.
While Trump paused the blanket tariffs on the U.S.’s North American neighbors, he announced a 25% tariff on aluminum and steel, which housing officials have also said could elevate building costs. The tariffs threaten to add to rising costs in the housing market that have made it more unaffordable for home buyers, including elevated mortgage rates and rising home prices. SOURCE... YAHOO FINANCE
SO-O-O, the 10 acre pasture across from my house....price point 1,1000.00 dollars,sat on the market for 6 m0., the owner has removed it from the MLS and the agent has his signs removed off the property.....NOW, I can see why......the 6 acres that was being developed by the defunct developer of my house (whose timing always sucks) is mid first planning stage,he's doing a cul de sac configuration......wanta take a bet IF HE CAN COMPLETE THE PROJECT? i HAVE ONE OF HIS THREE MODEL HOMES....that is all he could manage before going bankrupt.
THIS scenario is just the genesis of what is to come.....TIMING is ALWAYS a factor. TRUMP'S TIMING is totally toasted. U KEEP SAYING I AM
DOOMSDAY DEBBY....NO PROBLEM, THE HAND WRITING ON THE WALL IS EXTREMELY CLEAR.
She also predicted an economy crash several times, Trump's a Russian asset, and now tarrifs are going to destroy the country.
Her narrow vision is a result of her lack of information diversity. She doesn't understand that the threat of tariffs is just a good bargaining tool. Have you heard that Nato countries are suddenly agreeing to pay their FAIR SHARE when it comes to military spending? Homeagain keeps digging a bigger hole before waiting for actual results.
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion that rejects facts.
China plans to pay their 10% tariffs by depreciating the value of the Yuan by the same amount. Their economy is having major issues. Real estate crashes have forced many smaller banks to be absorbed by larger banks, but their liabilities are now dragging down the whole economy.
Thomas Sowell: There are no solutions, just trade-offs.