By Jessica Boehm | Axios
In his first weeks back in office, President Trump has enacted — and walked back — tariffs that experts say would have made homebuilding more expensive in Arizona.
Why it matters: The National Association of Home Builders (NAHB) warned that Trump’s 25% tariffs on Mexico and Canada would directly increase the cost of building materials — and that those costs would be passed on to buyers.
- According to the association, about 70% of softwood lumber (for framing) and gypsum (for drywall) used to construct single- and multi-family homes in the U.S. are imported from Canada and Mexico, respectively.
The latest: Trump announced Monday he would pause the Mexican and Canadian tariffs for 30 days, a move the homebuilders association welcomed.
