Trump’s 25% Tariffs on Steel and Aluminum Will Drive Up Housing Costs
- NAHB
- Mar 24
- 1 min read
In a move widely expected to raise residential construction costs, the White House has announced that 25% tariffs on all imported steel and aluminum products will take effect in March.
The new tariffs on steel and aluminum products are projected to raise the cost of imported steel and aluminum products by several billion dollars, adding layered costs that could substantially impact builders’ ability to deliver new single-family and multifamily projects.
NAHB continues to urge the administration to carefully consider the potential effects of placing additional tariffs on building materials, which could price even more families out of the American dream of homeownership.