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Here is how Trumps tariffs could impact housing prices.
Housing industry analysts at John Burns Research and Consulting predict that tariffs will increase housing prices by 5%.
Increased home prices also mean increased mortgage rates.
Construction Supply Prices Will Increase
Why will housing prices increase?
Because their cost of production will increase as well.
With import prices increasing, domestic suppliers of construction goods will likely hike their prices as well.
This labor shortage will then only add to the decrease in housing production.
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