Wood, the prices of building materials may rise due to the definitions

president Donald Trump A 25 % tariff plan on the goods from Canada and Mexico has sparked warnings from many trade groups that such a step would increase the cost of housing, given that a large amount of major building materials are obtained from our neighboring countries.

Although the president agreed to stop this customs tariff for a month after the two countries made concessions to help secure the American borders, the threat of prices in prices looms on the horizon on many industries.

After Trump signed the executive order, the National Housing Builders Association urged the president to reconsider, as NHBA President Karl Harris indicated that “more than 70 % of two basic imports on which home builders – soft wood and men rely on (used for Dreamwal) – come From Canada and Mexico, respectively.

A few days later, the commercial group warned that wood costs would rise by 40 % – even higher than 25 %, if the tariff on soft wood products is From Canada It is imposed, because the definitions will be at the top of the average fee of 14.5 already.

The crisis of the ability to afford the costs of the house negatively affects the youth in America

Ana Garcia, a CFRA analyst, wrote, in this week, that logging in the United States has decreased in recent years, and if the tariff passes in Canada, the American registration may not be able to fill the gap.

Garcia wrote: “The high costs of timber framing, in the event of definitions on March 4, 2025, are likely to reduce the beginnings of housing, exacerbate the ability to afford the costs of buyers, and increase the opposite winds of the margin to build homes.”

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Jonathan Payne, president of the National Wood and Building Association, warned on Wednesday that the planned definitions in Canada and Mexico “may be destroyed by the American economy and Housing market“

“The United States has already has a cost -cost housing crisis, and we, as a nation, should focus on calling for measures that reduce construction costs and remove organizational barriers, not a policy that encourages or creates new challenges to develop affordable housing,” he said in a statement. .

Meanwhile, the construction industry is also anxious about Trump’s introductory location by 10 % on imports from China this week.

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Jim Topin, CEO of NAHB, says that despite the eleven o’clock on the definitions with the delay for 30 days, there is still a lot of uncertainty, warning China, Mexico, and Canada three of the largest construction suppliers in the United States

Topin told Fox’s work.