📍 Steel & Aluminum Tariffs Are Making Homes More Expensive—Here’s What Buyers & Sellers Need to Know
If you’re buying a new home or renovating, be prepared for higher costs. Recent tariffs on steel, aluminum, and imported materials are driving up construction expenses, impacting home prices, affordability, and supply chain timelines.
🏗️ Why Are Prices Rising?
✅ Steel and aluminum prices have increased by 15-20% since 2023.
✅ Builders are passing costs onto homebuyers—new construction homes now cost an average of $18,000 more.
✅ Fewer homes are being built due to rising material costs, leading to lower inventory and bidding wars on existing homes.
🔥 The Bottom Line? Expect higher prices for both new builds and renovations—a direct impact on affordability.
💰 What This Means for Buyers & Sellers
✔ Buyers: New homes will cost more, and interest rates remain high—waiting may not be in your best interest.
✔ Sellers: With fewer new homes, resale properties remain highly desirable, increasing seller leverage.
✔ Investors & Flippers: Be prepared for increased renovation costs, which could cut into profit margins.
🛠️ How to Get Ahead of the Curve:
- Buy before the next round of tariff increases.
- Negotiate builder incentives to offset rising costs.
- Consider pre-owned homes that provide better value over new builds.
📞 Want a market expert to help you navigate this? Let’s talk:
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