Could Proposed Trade Tariffs Harm the Housing Industry?
Friday, March 02, 2018
Written By: Megan Moore

Yes, according to Lawrence Yun, NAR’s Chief Economist. Here is Lawrence’s statement on this issue:

“International trade requires reciprocal understanding of mutual interests. Trade has to be fair and intellectual property rights have to be respected on both sides. Still, the proposed tariffs could measurably raise the cost of building materials and hinder home construction of affordable homes. But more importantly, tariffs and restrictions to international trade will hold back economic growth and job creations. A better way to raise GDP growth is to produce more homes. Job growth and additional housing inventory will greatly help American workers and American consumers.”

Below are some articles with more information regarding the proposed tariffs and their effect on the housing industry.

How Could Import Tariffs Affect Housing? – DSNews

New Homes Could Get More Expensive Thanks to New Steel, Lumber Tariffs – Realtor.com



About the Author:
Megan joined the Williamson County Association of REALTORS in late 2017 and she will be overseeing the Association Events and Governmental Affairs. Prior to working at WCREALTORS, Megan was on staff at the Greater Nashville REALTORS® for 8 years as their Events Manager/Governmental Affairs Director. Megan and her husband Brian live in Georgetown with their two children, Emma and Andrew, and their Goldendoodle, Oakey. She enjoys cooking, walking her dog and spending time with friends and family.

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