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Homebuilders Welcome Tariff Pause on Canadian and Mexican Imports

Writer's picture: Neil CaronNeil Caron

Homebuilders are praising former President Trump’s decision to delay the planned 25% tariffs on imports from Canada and Mexico for 30 days. These tariffs would have significantly increased costs, nearly doubling existing duties on Canadian softwood lumber—a critical material for home construction. Additionally, the tariffs would have imposed a 25% duty on a variety of essential Mexican construction supplies, further driving up building expenses.


This pause provides temporary relief to the housing industry, which has been grappling with rising material costs and supply chain challenges. Affordable home construction depends on a steady and cost-effective supply of materials, and added tariffs could strain an already tight market.


If you're considering buying a home or want to understand how housing trends affect your mortgage options, ReadySetLoan is here to help.



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