Total Canadian Lumber Tariffs Raised to More Than 25% — RISMedia

Tariffs touch a wide range of imported goods, but one product the real estate and construction industries have been keeping especially close eyes on is lumber imported from Canada. Lumber is one of the primary building materials of homes and if prices on it go up, that directly hits construction workers and costs in turn get passed on to homebuyers.

Joel Berner, senior economist at Realtor.com, said as much in a recent press release, though he noted the general economic impact of tariffs can and will reverberate back on consumer decision-making too.

“When people are worried about job security, as 24% of respondents said in today’s Fannie Mae HPSI survey, they’re less likely to make a major financial commitment like buying a home,” said Berner….