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Homebuilder Warns Tariffs Could Add $29,000 to New Home Prices

The uncertainty is adding to the industry tensions.

By Erik Sherman | February 06, 2025 at 05:46 AM

For anyone wondering how much President Donald Trump’s plan for extended tariffs could affect the construction industry, Wisconsin homebuilder David Belman told Bloomberg that a typical house could jump $29,000 in price.

He estimated that $14,000 of that amount would be due to the higher price of Canadian softwood, a critical item in framing and construction. Tariffs on Mexico could increase the cost of imported gypsum used in drywall. More than 70% of softwood and gypsum imports come from Canada and Mexico, according to the National Association of Home Builders.

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