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Construction Costs Surge Amid Tariffs

This is a news story, published by Yahoo Finance, that relates primarily to Donald Trump news.

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Moneywise

Moneywise

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Business

Business & Economics

Condo developers are bracing for construction costs to surge — as high as 20% because of Trump's tariffs

Moneywise
Summary
Nutrition label

72% Informative

President Donald Trump announced sweeping tariffs on April 2 , including a baseline of 10% for all trading partners and 25% on all imported cars.

The National Association of Home Builders estimates tariffs could increase the price of a typical home by $ 9,200 .

The crackdown on immigration could have an inflationary effect on the construction industry.

There are a number of government-backed loans available if you meet certain criteria.

FHA loans usually require a smaller down payment than a traditional loan.

VA loans can provide perks such as no down payment and no private mortgage insurance requirements.

Other options include rent-to-own (where you rent the property before buying it at the end of the lease).

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External references

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https://moneywise.com/managing-money/stop-overpaying-for-these?throw=DM3_yahoo&placement_syn=placement_1&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_d4e212a3-0543-45cf-8ce3-bae6a58254e1https://www.usa.gov/government-home-loanshttps://moneywise.com/investing/alternative-investments/ways-to-hedge-against-high-inflation?throw=WTRN3_yahoo&placement_syn=placement_3&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_7aecadf4-d3b7-4ee6-ac0c-d08ae392688ehttps://moneywise.com/real-estate/real-estate/diversify-with-real-estate?throw=DM2_yahoo&placement_syn=placement_1&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_231ab124-30bb-44af-804c-9d6ba717cc88https://www.nahb.org/blog/2022/12/more-builders-cutting-prices-and-offering-incentives-but-not-at-2008-levelshttps://moneywise.com/managing-money/dave-ramsey-baby-steps?throw=WTRN1_yahoo&placement_syn=placement_3&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_6243865b-8e86-4505-9877-fe85fc1edec6https://moneywise.com/retirement/retirement/hybrid-nothing-saved-for-retirement-catch-up?throw=DM1_yahoo&placement_syn=placement_1&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_08a9e1d5-19de-4ed8-82aa-e73db73758c7https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.dohttps://moneywise.com/investing/alternative-investments/rich-young-americans?throw=WTRN2_yahoo&placement_syn=placement_3&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_9f969a0e-6ff2-46d0-9a7f-d28fa7a356a9https://themortgagereports.com/33553/complete-guide-to-down-payment-assistance-in-the-usahttps://moneywise.com/investing/is-a-financial-advisor-worth-it?throw=HALF_yahoo&placement_syn=placement_2&utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_642dcc28-94f0-43e7-9af6-3cca6b18e34bhttps://moneywise.com/investing/what-is-a-tariff?utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_a611d0fa-da52-4221-a037-210f4ea5b839https://www.cnbc.com/2025/03/21/related-group-ceo-tariff-fears-raising-construction-costs.htmlhttps://moneywise.com/mortgages/mortgage-rates?utm_source=syn_oath_mon&utm_medium=Z&utm_campaign=93770&utm_content=syn_c81155be-12cb-44a3-a77b-e2457b747f59https://www.nahb.org/advocacy/top-priorities/building-materials-trade-policy/how-tariffs-impact-home-building

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moneywise.comwww.usa.govwww.nahb.orgwww.whitehouse.goveligibility.sc.egov.usda.govthemortgagereports.comwww.cnbc.com

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