The word “tariffs” can send shivers down some people’s spines. While some may think the current administration is the first to impose tariffs on imported goods, that’s not the case. According to the National Association of Home Builders, the U.S. spent $204 billion on single- and multi-family construction in 2024, with $14 billion of that spent on imported materials.
The NAHB also noted that the previous administration raised tariffs on Canadian lumber in 2024, from 8.05 to 14.54 percent. Tariffs, it seems, are something the construction industry has been managing for quite some time.
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